Real Estate: 7 New Listings, 7 Open Houses, 3 Price Changes – MyVeronaNJ
Drive down a Verona street now, and it sometimes seems that every other house is for sale. We are definitely still in a sellers market here and data from the first five months of 2021 show that it is even more of a sellers market than it was in 2020.
According to data from Hearth Realty Group, 76 single-family homes in Verona were listed for sale from January through May this year. That’s down 14.6% from the same period in 2020 despite every real estate agent in town working flat-out for more listings. But many more sales have closed in the first five months than in the 2020 period, and they are closing faster and at higher prices. The percentage of list price received was 105.9% through May, compared with 101.4% in the 2020 period. The median sales price was $597,500, up from $537,500 a year ago.
The townhouse and condo market has also been active, although at a slightly lower…