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Attention Buyers: We have reached the bottom of the market and are on the uptick!
For years, clients have always asked: When will we hit the bottom. If you have asked and are working with me, you know I always said, "I won't know until we are passed the bottom and the market picks up." Well, buyers, we are at that point in South Monmouth and Northern Ocean County. Here is my personal experience/statistics I can share with you from the last 2 weeks of my business:I placed 4 offers for buyers. Two of them were at or above asking price and the buyers did not get them. Why? There were multiple offers in.Last year at this time in Monmouth County less than 300 sales were "pending." This year, it is over 1200.Inventory in some of our towns, Sea Girt is one of them is now at almost a 6 month level. At 6 months, the market switches from a buyers market to a neutral market.In my office, we have sold twice the number of homes from January to date in 2012 as we did in 2011.So, what exactly does it mean for you?The time is prime for you to buy. The media has not totally caught onto what is happening here because they monitor closed ... more

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