How's Mountainside's Real Estate Market?
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
New Jersey Monthly magazine ranked Mountainside as its 16th best place to live in its 2008 rankings of the "Best Places To Live" in New Jersey, as well as eighth in the 2010 list. Currently, there are 43 homes offered for sale in Mountainside, representing a 14% decrease in inventory compared to September of 2012. The average home that sold in Mountainside in September sold for $734,339. This is 44% higher than average sales in September of 2012. Real Estate Professionals judge the strength of a real estate market based upon the Months of Supply in the area. This number tells you how many months it would take for all the current homes for sale on the market to sell, based upon the rate of sales in the past. A Months of Supply of 5 months is considered average - buyers and sellers are ab...
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