Home Sales in Fair Haven Up 14%

It’s been a good year for the Fair Haven real estate market, blogger Len Dunikoski says.

In fact, he reported a few weeks ago, statistics prove that this year Fair Haven has had one of the strongest real estate markets in the state.

Dunikoski points to four key indicators to show why and how the market is doing so well in the borough: sales are up 14 percent; the number of listings was down by 6 percent; the average sale price was up by 6 percent; and the absorption rate is 3.3 months.

To read Dunikoski's full analysis and find out what it all means, point-by-point, read the entire blog by clicking here.

Normally we look at the “top 4” objective real estate indicators, so let’s start with those:

Sales were up 14% (88 so far in 2013, vs. 77 in 2012).

The number of listings was down 6% (30 at the end of October 2013, vs. 32 a year ago).

The average sale price was up 6% ($781,893 in 2013 vs. $739,582 in 2012), although the median sales price was down 1% ($660,000 in 2013 vs. $667,000 in 2012).