Home Selling in Midland Park>Question Details

Amy Bly, Real Estate Pro in Montville, NJ

What is the average DOM for homes in Bergen County as of 6/1/10?

Asked by Amy Bly, Montville, NJ Mon Jun 28, 2010

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The last six months have experienced an average of 86 days from listing to closing, county wide.
0 votes Thank Flag Link Mon Jun 28, 2010
Hi Amy-

You ask a good and very important question as Days on Market is one the most important numbers to follow when trying to sell your home. It has a direct impact on how close you actually sell to your list price. The more Days on Market, the less value you get for your home. One thing to be considered when investigating averages, the broader you make your search criteria, the less accurate the information. So asking average Days on Market for Bergen County will not help your individual case. For what is happening in Midland Park is not the same as what is happening in Glen Rock or Fair Lawn. Different price ranges also have different trends. Best to be more specific to get a better idea of how long your home might take to sell.

Sean
0 votes Thank Flag Link Wed Nov 17, 2010
Hi Amy,

And in Midland Park over the past 6 months it's been 80 to 90 days. So if you list your house at a correct price today, it will close it time for the new school year.

Good luck!

-Marc

Marc Paolella
Relocation Director/Appraiser
Century 21 Joe Tekula Realtors
Phone (direct): (973) 584-4235
Coolest map-based home search: http://www.marcpaolella.com
0 votes Thank Flag Link Tue Jun 29, 2010
It all depends on the pricing of your home, most sellers are still stuck in the market from five yrs ago. Most realtors are part time and are looking for just a listing so they sometimes let the seller's dictate to them what price they should list therehouse at instead of being honest with them and telling them the real price of their home in fear of losing a listing. The fact of the matter is it's all about the condition, the location, and the pricing. But all you can really control is the price if you are un-realistic with the price of your home and so is your realtor you home will sit on the market for a long time, if you are priced correctly then you home will sell accoridly in a timely fashion. Most homes priced correctly you are looking at a turn around of a month or two. If your hom is over priced and you are chasing the market well, not only will you be chasing the market but you will be chasing away people from putting offers in on your home.


Ron SImone Jr.
All Towne Realty
Realtor/Associate
732-978-0991 Cell
732-453-2930 Private
RSJ58@aol.com
NJAR Circle of Excellence: Bronze Producer 2005 Silver Producer 2006-2009



Top 1% in sales of over 16,000 Union, Hudson,Bergen, Essex, & Middlesex County agents in 2006 & 2009

"A referral of your friends & family is the finest compliment I could ever receive"
0 votes Thank Flag Link Mon Jun 28, 2010
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