Morristown NJ Real Estate Market Update MAY 2014
By Bob Zorechak - ABR, GRI, e-PRO, Sells Homes in Morris/Somerset/Hunterdon Cos., NJ
(Keller Williams Realty Metropolitan)
Morristown NJ Real Estate Market Update MAY 2014 by Bob Zorechak - GRI, ABR, e-PRO The numbers for Morristown are mostly down across the board for MAY 2014 with the exception of the 12 month rolling sales volume: The rolling 12 month sales volume has increased by 22 units (13%) - Last year: May 2012 thru May 2013 (166 homes sold) as compared to the current period: May 2013 thru May 2014 with (178 homes sold). This is a significant reversal from negative territory (last month was down 50 units (18%) to positive territory for May. The May year-to-date numbers are down by 35% or (28) units (very similar to last month) when you compare it to last year's year-to-date total (80 homes sold) to the current period with (52 homes sold). This breaks a cycle of 3 consecutive years of increas...
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