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Nutley NJ | Nutley NJ Homes For Sale | Montclair NJ Homes For Sale

Matthew Defede: Hello and welcome to my market update for June 2023. I’m Matthew Defede, REALTOR® with Realty Executives Elite Homes serving the Nutley, NJ 07110 area. Today, I’m excited to share with you some interesting statistics and trends in the local real estate market that will certainly keep you engaged and interested.

First, let's talk about the Months Supply of Inventory. Currently, there are only 0.79 months supply of inventory, which means that it’s a seller's market. Over the last 12-months, Months Supply of Inventory has decreased by -67.62%, making it even harder for buyers to find homes.

But, if you’re a seller, this is great news. With such low inventory, you may be able to sell your home faster and at a higher price. Which brings me to the next point - the List to Sold Price percentage. The current percentage is 102.3%, which means that homes are selling for more than their listing price. This is great news for sellers who are looking to maximize their profit.

Now, let's talk about the median days on market. It’s currently at 17 days, which is incredibly fast. This means that homes are being snatched up quickly, and buyers need to be prepared to act fast if they want to secure their dream home.

Finally, let's talk about the Median Sold Price, which is currently at $520,000. This is a strong number and shows that the demand for homes in the Nutley, NJ 07110 area is high.

As a REALTOR®, it’s important for me to provide you with the most up-to-date statistics and trends in the local market. I hope that this market update has been informative and has given you some valuable insights.

If you’re a buyer or seller looking to take advantage of the current market conditions, please don’t hesitate to contact me. I would be more than happy to help you navigate the local real estate market and achieve your goals.

Thank you for watching, and I’ll see you in the next one.

Matthew De Fede is a well-known real estate agent in Nutley, New Jersey. He is the founder and broker of Realty Executives elite homes located in Nutley and has been serving the local community and surrounding areas for over 15 years. Matthew De Fede is highly regarded in the industry for his professionalism, expertise, and commitment to providing exceptional customer service to his clients. He has a deep understanding of the local real estate market and has helped many buyers and sellers achieve their real estate goals. Additionally, he is an active member of the Nutley community and is involved in various charitable organizations and events.


Realty Executives elite homes
653 Franklin Ave, Nutley NJ 07110
973-846-0065

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