nj 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)

nj 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)

 
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

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