new jersey skinny: 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 skinny: 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 skinny: The New Jersey Skinny Report for May, 2015 - 05/22/15 12:02 AM

The New Jersey Skinny
Report for May, 2015
Pending Sales Up!
As we move into the second quarter of 2015, the real estate market in New Jersey is fully entrenched in the spring market.  Pending sales are up year-over-year, while the available inventory has lagged a bit behind.  What does this mean?  Simple supply and demand dictates that this will put upward pressure on prices.  This is, indeed, the case, with the median home price up 4.2% over 2014.
Indications are that more inventory will still become availble and the market will remain active and healthy.
Keep an eye on stats such as Days on Market, … (1 comments)

new jersey skinny: 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 skinny: 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 skinny: The New Jersey Skinny - Report for April, 2015 - 04/11/15 11:43 PM

The New Jersey Skinny - Report for April, 2015
Inventory Needed
With the harsh winter seemingly behind us, the New Jersey real estate market is heating up.  While the demand for homes is up, inventory is still lagging, creating upward pressure on prices and a sense of urgency among Buyers.
However, the continued low interest rates are keeping Buyers in the game, for now.
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 needs, please … (0 comments)

new jersey skinny: The New Jersey Skinny - Report for February, 2015 - 02/25/15 04:08 AM

The New Jersey Skinny - Report for February, 2015
Excitement in the Air
Although the real estate market for the state of New Jersey started slowly, the combination of low interest rates, new sales, new inventory, and new construction spell excitement!  
Forecasts for 2015 continue to 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.  Prices will rise (while not at the crazy rates of the early 2000's), and the market will feel "healthy."
Keep an eye on stats such as Days on … (2 comments)

new jersey skinny: 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 skinny: 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)

new jersey skinny: The New Jersey Skinny - Report for July, 2014 - 08/25/14 04:33 AM
The New Jersey SkinnyJuly, 2014
Steady as she goes....
 
Year-over-year, the New Jersey real estate market has remained fairly steady.  Changes in the various indicators may be up or down, but at relatively insignificant amounts compared to the previous few years.
 
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)

new jersey skinny: The New Jersey Skinny - Second Quarter, 2014 - 07/24/14 07:10 AM
The New Jersey SkinnySecond Quarter 2014Growth Continues!
The second quarter numbers are now in for the 2014 New Jersey real estate market.  There is lots of positive news regarding jobs and the overall economy.
On the heels of that is some additional good news for the overall housing market.
 
Thanks to 10K research and the New Jersey Realtors®, this comprehensive short video will give you all the information.  If you would like specific information about your town's market, please CONTACT ME!
 

(1 comments)

new jersey skinny: The New Jersey Skinny - Fourth Quarter, 2013 - 01/27/14 12:09 AM
The New Jersey Skinny
Fourth Quarter 2013
Things Are Looking Up!
The latest numbers are out, and 2013 was a very good year for real estate in New Jersey.  According to the New Jersey Association of Realtors® and 10K Research, all of the main indicators showed positive signs across the state.  Additionally, because the market has shown improvement, Sellers are starting to get back on track, meaning more available inventory to meet pent-up Buyer demand.  So, things are looking up for 2014!!

If you'd like to find out more about the market in your town, please feel free to contact me!
(1 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



Listings

Links

Archives

RSS 2.0 Feed for this blog