In the Summit New Jersey real estate market homes for sale number 114 which is down 10% from a month ago . Those that are priced over 1 million represent 24% as opposed to 33% in the past year. There are 4 that are in attorney review while only 9 new listings have come on in the past 2 weeks. With inventory down, the prices have remained stable and have gone up. Sale are also down. The number of homes that are under contract is down 30%. This slow down in activity is related to the Summer rather that economic conditions at least for the moment.
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