Rahway Real Estate during the pandemic
By Wayne Zuhl, The Last Name You'll Ever Need in Real Estate
(Remax First Realty II)
It is really easy to find news about COVID these days. The virus affects all ages and all demographics. The shutdown, similarly, affects all ages and all demographics. Here's how it is affecting real estate in our area. Rahway real estate usually has a cyclical feel to it - prices and sales peaking in the summer and dropping in the winter.In a "normal" year, sales typically look like this. Sales, in orange in this graph, start out low in the winter and then gradually pick up until the summer and then drop off in the fall. Listings, in blue in the graph, do the same thing.We definitely can't expect a normal year this year. In all likelihood, the summer peak will be a few months later and winter won't drop down as much.So far, every indication is that this year is slower than last year.I...
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