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January '07 vs. January '08 Under Contract Properties Summit, NJ Area Real Estate Market

By
Real Estate Agent with Lois Schneider Realtor

Following up on my last blog (January '07 vs. January '08 closed properties) this is a comparison of properties which went under contract - last January vs. this January:

Summit

2008   21 properties

2007   20 properties

New Providence

2008    13 properties

2007    10 properties

Berkeley Hts.

2008    4

2007    14

Millburn/Short Hills

2008    14

2007    27

Chatham Boro

2008    5

2007    4

Chatham Twp

2008    10

2007    19

Madison

2008    9

2007    16

As you can see the market is still pretty strong in the Summit, NJ area (thanks to the train line into NYC).  If you are interested in moving to this area, please contact me.  I would be more than happy to assist you.