Maplewood NJ Homes are selling quickly this month! 
Many new listings that have come on the market have sold within a week and with 2-5 multiple offers. These are either the "cream puff" houses - renovated, well staged homes that are priced right OR homes that need work but are priced below market value.
This is a definite shift from the past several months, where good inventory sat for awhile with no offers. Maplewood Home Sales for February showed 17 homes sell at a list to sales price ratio of 96%, with an average of 115 days on market. In January, the list to sales price ratio for Maplewood homes was 97%, with 13 homes sold, at an average days on market of 70. This month to date, 8 Maplewood homes have gone under contract, with most of them on the market for less than 15 days. We have 133 active listings for March down from 175 in February and 160 in January.
This is great news for Maplewood Home Sellers as we approach the middle of the Spring market!
There are several reasons this is happening:
- Maplewood NJ Home Sellers are finally now pricing their homes right.
- Sellers understand the importance of staging.
- Interest rates continue to go down.
- The mild weather we experienced in February has encouraged Buyers to start looking at homes now.
- Banks are loosening their credit standards and lending higher amounts to borrowers than they have in the past.
It's a win/win for both Buyers and Sellers right now. It is unusual to have this combination of Sellers being able to get top dollar for their homes and Buyers still feeling like they are getting great value at a low interest rate.
If you're thinking of buying, don't wait. And if you're thinking of selling, now is the time to get the most for your home...those Maplewood, NJ homes are selling quickly!
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