Today I’m going to list the home sales categories the for the activity in the Summit New Jersey real estate market so we all can follow the statistics more easily.
Active – 110
Attorney review – 4
Under contract – 55
Solds in past 12 months – 283
New listings in past 14 days – 11
As you can see the homes for sale have dwindled each week for the last month to a level that we saw at the holidays. This is due to the time of year where the buyer’s and seller’s attention is on enjoying the Summer. Homes that are in good condition and priced within 5% of their market value are selling within 30 to 60 days. Interest rates and prices remain stable which should keep buyers in the market.
Tom McDonough
www.tommcdonough.com
tom@tommcdonough.com
