The market statistics taken from the Real Estate Multiple Listing System used in Gloucester County, New Jersey, are showing some wonderful statistics for home buyers, and things are not so bad for home sellers either.

It is true that buyers are looking for a good deal~ but aren't they always? They are, however, purchasing homes. As a matter of fact, in February of 2008 alone, 154 residential homes were sold and 172 were put under contract in Gloucester County, NJ. The average sold value county wide for these homes was $242,142. That is a 2.2% increase in average sales price over February of last year. With an average market time of 108 days sellers are waiting for their buyer a bit longer then in the recent past, but it's well worth it to make the buyer feel secure about their purchase.

So, when reports are published or told to the public we can either put a positive spin on it, or point out the negative aspects. I prefer to see what we can do with what we have. There is so much to be taken from these statistics that prove what a great market we are in for both home buyers and sellers. Never before have sellers seen their values of their homes at these prices, the appreciation we saw in recent years has been very profitable for most homeowners. And buyers are now able to comparison shop until they feel comfortable the the price they are spending on a home is a good value, which they have not been able to do for many years.

If you are looking to sell your home, you only have one home to sell. Considering that there were 303 homes sold in Gloucester County in the two winter months of January and February 2008, how hard is it to attract just one buyer to your home? Not hard at all. You need to obviously be competitive with your price and have your home in tip top shape for what you are asking, but with this in place, and a great Realtor (R) you will be on your way to moving into your new home.

Diane Testa

http://www.dianetesta.com/

Cell 856-229-5533