This is an addendum to my post about the Cranford NJ Real Estate Market summary for January 2008.

After studying the numbers for a period of 3 months ending January 2008, and comparing them to that same period from January 2007, it confirms what I said in my earlier blog. We are flatlined in terms of prices and sales activity from one year ago with no heavy change in either direction . While there were less closed and pending sales by a few percentage points, there were also slightly less new listings. Less new listings is a good thing for selling off inventory, and for sparking buyer activity.

Keep in mind that these figures do not reflect any offers that may have been written in the last few weeks of January, and were still in attorney review as of January 31. I noticed a big boost in buyer activity during the second half of the month with those interest rates dropping to the mid 5's.

I actually enjoy looking at these numbers, because it helps me make sense of what has happened, and how I can best serve my clients moving forward.

Until next time...

Sean Carroll - Realtor, Team Leader

"Team Carroll" Cranford, Westfield NJ Area Real Estate Professionals.

www.GoCarrollTeam.com