It is the first day of June and there are 127 homes of inventory in the Summit NJ real estate market place. Last week there were 8 new listings with another 8 houses in attorney review. There are 83 homes under contract that are waiting to close. In all of these catigories, homes over 1 million dollars represent 1/3rd of the market. The number of houses on the market remains at a low level keeping prices realistic. This combined with low interest rates is maintaining steady sales levels.
