Passaic County real estate transfers from March 27 to April 3 have been released by United Robots' Real Estate Wire service. The data reveals that the median sale for the area during this period was a 2,180-square-foot home on Ford Street in Wayne that sold for $472,000.
United Robots provides analysis of data from Propmix through machine learning. The listing includes all real estate transfers in Passaic County within the specified timeframe.
The high median sale price indicates that despite the ongoing pandemic and its economic impact, there is still a strong demand for homes in Passaic County.
Similarly, United Robots' Real Estate Wire has also released data on all real estate transfers in Monmouth County from March 27 to April 3. During this period, the median sale price for the area was a 1,228-square-foot home on Glenmere Avenue in Neptune that sold for $490,000.
Propmix is an aggregator of national real-estate data and United Robots uses machine learning algorithms to analyze this information and generate insights. The provided listing includes all real estate transactions within Monmouth County during the specified time frame.
The high median sale price suggests strong market conditions in Monmouth County as well despite prevailing uncertainties caused by COVID-19.
As homeowners continue to buy properties even amid a global pandemic with its attendant economic challenges; it remains evident that more individuals are opting towards homeownership rather than rental options--a trend which may continue into post-pandemic times if current trends persist.