manahawkin home sellers: Buyer’s Real Estate Market in Manahawkin? - 10/06/18 03:08 PM

Are we about to enter a buyer’s market in Manahawkin? Should you sell now?
Sale of Stafford Twp homes are slightly above last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?
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In Manahawkin, the absorption rate is still well below equilibrium at 4.75 months with the median sale price increasing by 3.85% over the same time last … (0 comments)

manahawkin home sellers: Lack of Listings Slowing Down the Manahawkin Housing Market - 07/23/18 09:05 AM

The absorption rate in in Stafford Twp is at 4.4 months; in a “neutral market” that rate would be between 6-7 months. The absorption rate is the rate at which available homes are sold in a specific real estate market during a given time period. It is calculated by dividing the average number of sales per month by the total number of available homes. The figure shows how many months it will take to exhaust the supply of homes on the market.
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As the real estate market continues to move down the … (0 comments)

manahawkin home sellers: Manahawkin Homeowners: Your House Must Be Sold TWICE - 11/22/17 09:22 AM

Manahawkin Home Sellers: Your House Must Be Sold TWICE
In today’s Manahawkin housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.
If prices are surging (over 6.5% in Manahawkin), it is difficult for appraisers to find adequate, comparable sales (similar houses in the neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank.
What's Your Manahawkin Home Worth? Get a FREE instant … (2 comments)

 
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