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Princeton NJ Real Estate Market Report March 2014
Princeton NJ Real Estate Market Report March 2014 Home prices in Princeton NJ continue to rise which have set expectations for a robust Spring 2014 real estate market.   This Princeton NJ real estate market report for March 2014 provides a good snapshot for where the market has been and where it is heading.  The best news in pricing corresponds with mortgage interest rates reductions. There was a spike in interest rates several months ago, but now 30 year fixed rates are hovering around 4.5%.  If you are considering buying a home  in Princeton, having a good real estate agent who understands the local market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market with multiple offers.  Plus, all of the pundits predict mortgage interest rates will rise this year since the national economy is improving.  As you can see from the graph above, listings are not selling exactly for asking price. To make sure you don’t overpay for your home, you’ll want to have an agent that does a thorough market analysis of the Princeton property on which you are making an offer.
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