Is it a good time to sell your condo in Howell?
Sell a Condo in Howell
Are you considering selling your condo in Howell? Is it a good market if you’re the seller? Let’s look at the numbers and see what they say.
Condos For Sale in Howell
We’ll preface this by saying that all information in this post are as of today’s date, 4/20/19. Here’s what happening in the Howell condos market as of today.
There are 28 condos (or townhouses) for sale. In addition, 33 condos are under contract. The term “under contract” means that an offer has been accepted, attorney review is completed and everything is just waiting for the closing date. In the past 6 months, 124 condos in Howell have been sold.
WOW!
The average days no market (DOM) was 57.32. This means the average condo for sale in Howell was available for only 57 days before going under contract. Let’s look a little further into the numbers. 124 condos have sold in the past 180 days. Therefore, a condo sells in Howell, on average, every 1.45 days. With only 33 condos currently available, this means that there’s a 48 day supply of condos available.. This is what is called a sellers market. The normal market (historically) is a six month supply of homes. And the traditional seller’s market is a 90 day supply – or less. This tells me that yes, indeed, this is a good time to sell a condo in Howell.
Condos For Sale In Monmouth County
Now, let’s look at the numbers in Monmouth County. As of today there are 497 condos for sale. 362 condos are under contract, while 1,910 condos have sold in the past 6 months. This tells me that every day in Monmouth County, 12.6 condos sell. As a result, there is a 39.44 day supply of condos for sale in Monmouth County. Again, this is a sellers market. In fact, the Monmouth County numbers are stronger than in Howell. But either way, it’s a sellers market for condos.
Bottom Line
If you’re thinking of selling your condo in Howell, or actually anywhere in Monmouth County, it’s a good time. So give us a call and we’ll prepare a Competitive Market Analysis for you. And we can also explain how our Internet Marketing Plan will get your condo sold quickly and for top dollar.
Would you like to look at homes for sale in other Monmouth County towns?
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