Today there are 126 homes on the market in Summit. This is down slightly from a week ago when the inventory was about 136 houses for sale. There are 6 that are in attorney review. The number of new listings comming onto the market is down while the sales have stayed consistant. Houses over 1 million dollars represent one third of all the real estate activity. My view of the Summit housing market is that it has been very healthy. The lower level of inventory has stablized prices thus bringing the buyers in. The sellers are now able to sell there homes and get a sale close to the asking price. If the mortgage rates remain at a low level the market will continue to flurish.
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Testimonials
"Having run an international company, I could appreciate the marketing that Tom did for our house. He priced it correctly at $2,250,000 and implimented a marketing plan which produced two full price offers in a few weeks. We were impressed with this extremely thorough transaction."
~Satisfied Seller
"Please let me take this opportunity to thank you for moving my property in Short Hills. I was told that the McDonough name was magic when it came to selling or buying property - now I'm convinced."
~Satisfied Seller
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Thomas G. Mcdonough: 428 Springfield Ave, Summit, NJ 07901 Phone: 908-273-0400 Cell: 908-500-2338