Madison NJ Real Estate - Closed Sales First Quarter 2012
by Bob Zorechak - GRI, ABR, e-PRO
The Madison NJ 2012 Spring Market is in High Gear!
Buyers in Madison NJ are taking advantage of record low prices, plenty of inventory and low interest rates to strike while the iron is hot. Sellers are also benefiting with the return of multiple offers, however not necessarily at or over List Price. In these situations, multiple offers are most often being used to select the best qualified buyers.
In addition, there is a certain amount of "pent-up demand" on both the buying and selling side of this market as many buyers and sellers have been sitting on the fence for several years now and see that the pendulum is beginning to swing in the other direction and as a result, they are taking action.
Look below to see the individual homes that sold in Madison NJ for the first quarter of 2012. Also shown below are year to year comparison bar graphs for homes sold in each month of the quarter (January, February and March) over the past 5 years.
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