A recent post by George Paindes, Esq., of Southborough, MA ( I wish I knew how to link here) inspired me to expand on the topic and my comments to him on his blog. Summers are historically slow here in Bergen County, New Jersey. In fact, not one to take vacations during the fall and spring, I usually schedule some time off with family during this time of year because buyers and sellers seem to be on a similar schedule.

That said, JULY has been busy with buyers and sellers alike.   I am not stretching this to say that alot of paper is being written in the form of contracts ...as it was in the boom years....but the activity has dramatically picked up from May and June of this year.

My best guess is because sellers are getting realistic with their pricing and expectations. They may be tired of the sales process and now they are truly ready and motivated to sell.  Buyers are motivated because of the historically low interest rates....And, buyers may be realistic as well that the market is as low as it is going to go. Buyers perceive a "buyers" market and sellers are motivated to sell. Fear of the unknown may be in play here as well....Let's hope the trend continues....

What is your experience with the Summer '07 Market?