new jersey realtors: The New Jersey Skinny for Q3 - 2015...Steady As She Goes! - 10/26/15 02:24 AM

The New Jersey Skinny
Q3 - 2015
Steady As She Goes!
The 3rd Quarter for 2015 is already over.  Holy cow!  Where does the time go?  Before you know it, we'll be eating turkey and bundling up.  But the real estate market in New Jersey is still steady.  Median prices statewide remained steady, year-over-year for the 3rd straight season.  Inventory levels have dipped, while pending and closed sales were up.  What does this mean?  Check out this quarter's New Jersey Skinny to find out!!
Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where things … (2 comments)

new jersey realtors: The New Jersey Skinny - Report for August, 2015 - 09/05/15 01:55 AM

The New Jersey Skinny - Report for August, 2015
Supply and Demand
Last months numbers are a lesson in simple economics.  Overall, supply was down with fewer listings on the market.  However, the number of pending sales and closings was up slightly.  This combination is a forecast for rising home prices.
The sales data did bear this result, with prices creeping up, a higher list-to-sales-price ratio, and a decrease in the absorption rate.
Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where things are headed throughout the year.
 
If you are thinking about making … (0 comments)

new jersey realtors: The New Jersey Skinny Report for April, 2015 - 05/02/15 02:50 AM

The New Jersey Skinny
Report for April, 2015
The Ups and Downs
While national stories have highlighted an increase in pending sales and new construction, we all know that real estate is local.  So, what is the story for the New Jersey real estate market?  
Last month, pending sales were up, while listings were slightly down around New Jersey.  So, what does this mean for prices?
Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where things are headed throughout the year.
 
If you are thinking about making a move or have any real estate … (3 comments)

new jersey realtors: The New Jersey Skinny 1st Quarter, 2015 - Inventory Needed! - 04/23/15 12:46 AM

The New Jersey Skinny
1st Quarter, 2015
Inventory Needed!
Predictions for 2015 have a mixed bag after the first quarter.  While pending sales were up, indicating more activity in the market, there is still a lack of inventory in many markets.
This need for listings means that there is less for the Buyer pool to choose from, which puts upward pressure on prices.  This is shown by the increase in the list price to sales price ratio.
Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where things are headed throughout the year.
 
If you are … (0 comments)

new jersey realtors: The New Jersey Skinny - Report for January, 2015 - 01/29/15 01:11 AM

The New Jersey Skinny - Report for January, 2015
Normalization is the Word
In the year end review for the state of New Jersey, "normalization" is the key word.  While 2013 saw many steep gains and a lack of inventory, 2014 saw a return to some more stable levels.
Forecasts for 2015 indicate that while Buyers will be out in force, taking advantage of historically low interest rates "while the getting is good," inventory rates will keep up with demand.
Keep an eye on stats such as Days on Market, Absorption Rate, and List Price-to-Sales Price Ratio for insights into where … (0 comments)

new jersey realtors: The New Jersey Skinny - Report for October, 2014 - 10/22/14 05:51 AM
The New Jersey Skinny
October, 2014
More of everything....
As the New Jersey real estate market continues to recover, the key metrics are looking good.  With more inventory available for Buyers to choose from, there are more pending sales, strengthening the overall market.
However, as we know, all real estate is local.  So, if you would like specific information about your town's market, please CONTACT ME!

(2 comments)

 
Tg Glazer -  The Right Realtor® for the Right Results!, Westfield/Cranford, NJ area (Coldwell Banker, Westfield, NJ)

Tg Glazer - The Right Realtor® for the Right Results!

Westfield/Cranford, NJ area

Cranford, NJ

More about me…

Coldwell Banker, Westfield, NJ

Address: 209 Central Ave., Westfield, NJ, 07090

Office: (908) 233-5555

Mobile: (732) 682-7299

Email Me



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