Montclair Q2 Real Estate Hyperlocal M...

Montclair Q2 Real Estate Hyperlocal Market Report

Posted in the Montclair Forum

Brian McCabe

Bronx, NY

#1 Jul 28, 2011
Sales declined only 1% during the year ending 6/30/2011. A comparison of year-over-year sales by price point is also consistent, and high-end sales remain weak. Looking forward, there should be abundant buyers for Montclair homes in the most popular price points since there are currently far fewer active listings than there were recent sales. With respect to pricing, however, all but one measured percentile lost ground during the past 12 months, but in each case the loss was minimal.

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