Newark February housing market update!

Real Estate Market Insights

Continued development and infrastructure improvements in Newark are contributing to the strong demand for housing. The community is growing, and with it, the interest from potential buyers. This trend indicates a healthy market environment, making it an excellent time for both buyers and sellers.

Key Market Statistics

• Active Listings: There are currently 41 homes on the market.
• Pending Sales: Around 16 homes are under contract.
• Homes Sold in January: About 15 homes were sold last month.
• Median Sale Price: The median sale price is Steady due to high demand

Market Competition

Sellers, this is your moment! Inventory remains low, and well-priced homes are moving quickly. If you're considering selling, now is the time to prepare before the spring market kicks into full gear. Buyers, competition is still fierce, but opportunities exist. Make sure to get pre-approved and stay ready, as there are many off-market opportunities available.

Exciting Community Events

February is bustling with activities in Union City! Don’t miss out on the following events:

• Newark Music Festival: February 10th at Civic Center
• Park Crab and Pasta Feed: February 17th at Newark Pavilion
• STM Fair for Kids: February 25th at Caman Activity Center

These events are perfect for families and community members looking to enjoy the local culture and connect with neighbors!

Expert Guidance

February in Newark and Union City is filled with community spirit and real estate opportunities. Whether you’re looking to participate in local events or navigate the housing market, there’s something for everyone. Stay tuned for more updates next month, and don’t hesitate to reach out if you need assistance with your real estate plans! Feel free to like, follow, and share for more market updates!