This is for those of you who have decided to wait until the market gets better before you put your house up for sale as well as for the buyers that are on the fence about whether they should buy now or wait. Well, here is your chance... the end of December marked a historically unmatched number of homes that expired from the market. That is the largest number of expired homes that has ever existed in the history of the MLS happened on December 31, 2008!!

Anyone who has ever taken a marketing course knows the basic rules of supply and demand. The supply has dropped dramitically in Camden and Gloucester Counties in New Jersey, leaving buyers that really want to buy homes with a more limited selection to choose from then they have had in awhile.

So, what does this mean to you? It means that if your home is listed for sale, the buyers will more likely consider your home. There are less options out there and therefore, more attention will be focused on the homes that are available for sale. Also, it means that if your home is not listed for sale, you may miss the opportunity to find your buyer. People are buying homes, and now is a great time to have it listed for sale. Don't wait until the spring when there will be at least 20% more homes listed, and at least 20% more competition.

Does this mean that the market will switch back to a Seller's market in New Jersey? I wouldn't be that optimistic, but I am anticipating that the market is going to improve as we head into spring, and that homeowners will be finding that the values of their homes have stabilized and may even begin to appreciate. Buyers are excited by the rates that are being offered, by the change in our government and by the fact that the houses for sale are more affordable then they have been for years. All this will help us to see the improvement that our economy needs.

So if you have awaited the bottom of the market, wait no longer, you will surely find the prices very inviting right now. And if you think buyers are not buying homes, so why list your's for sale, you are wrong! I will post the statistics for Camden and Gloucester Counties so you can see that homes are selling, and the seller's are actually happy with their sales price.