NEWARK REAL ESTATE STILL STRONG
Here's a quick 2018 Newark market recap:
Median sales price for single family homes went up an amazing 28%! from $129,000 in 2017 to $165,000 in 2018.
The major reason for this big increase is that there were less foreclosures and more renovated home sales in 2018, which drove up the average.
Average Days-on-Market is down from 86 to 74 ( ⬇ 14%) which is also a big drop, showing the homes were selling super quick last year.
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More Downtown Development coming in 2019
At Realty 33, We tap into 25+ years of experience and market know-how to help our clients make streetwise real estate decisions.