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Sue feels that if you are in the market to buy or sell real estate in Short Hills or Millburn, it is important to understand the trends in number of Active Listings, Average Days on the Market, and listing prices vs. sale prices so that you have the information to make an informed decision. We compile the home sales monthly so sign up if you'd like to receive the sales in your neighborhood via email.
CLICK BELOW TO VIEW THE SALES AND STATS BY MONTH
Millburn-Short Hills Homesale Trends March 2007 – March 2008
Millburn-Short HillsHome sale TrendsJuly 2007 – July 2008
July 2007
Aug.
Sept.
Oct.
Nov.
Dec.
Average Listing Price
$1,661,010
$1,729,304
$1,622,101
$1,646,459
$1,638,385
$1,783,695
Average Sale
Price
$1,674,731
$1,392,205
$1,242,250
$950,712
$1,132,429
$1,059,956
%Sale
Price to List Price Ratio
96%
97%
100%
96%
93%
97%
Days on Market
63
46
56
55
78
66
# of Active
Listings
143
131
150
153
130
107
# of Closed
Listings
36
42
20
13
14
17
Jan.
Feb.
March
April
May
June
July 2008
Average Listing Price
$1,766,304
$1,760,174
$1,170,056
$1,612,035
$1,624,368
$1,676,628
$1,686,431
Average Sale
Price
$1,230,206
$1,536,550
$1,191,250
$1,313,188
$1,361,130
$1,029,568
$1,307,943
%Sale
Price to List Price Ratio
97%
97%
97%
94%
94%
99%
96%
Days On
Market
41
72
67
37
45
40
42
# of Active
Listings
116
131
153
164
167
159
140
# of Closed Listings
20
10
18
17
23
29
35
July 08
Active Listings
New Listings
Under Contract
Sold Listings
Average
DOM
SP/LP
# Beds
Avg LP
Avg LP
Avg LP
Avg LP
1
$228,633
$0
$0
$0
0
0%
2
$408,180
$0
$598,000
$0
0
0%
3
$828,949
$910,958
$868,250
$635,065
42
97%
4
$1,100,483
$1,103,818
$1,141,867
$1,104,136
39
97%
5+
$2,737,732
$2,183,322
$2,746,625
$2,272,295
46
94%
TOWN
$1,686,431
$1,309,164
$1,392,167
$1,307,943
42
96%
Data compiled from the GSMLS. Deemed reliable, but not guaranteed.
Interested in a Complimentary Market Analysis of your Millburn or Short Hills NJ home? Or receiving each month's home sale price updates? Just fill out the form below and Sue will contact you shortly.
- NUMBER1EXPERT™ 
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