real estate market report: 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)

real estate market report: 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)

real estate market report: Cranford, NJ Home Prices July, 2015 - 07/14/15 01:08 PM
Cranford, NJ Home Prices
July, 2015
Real estate market data for Cranford, NJ provided by Tg Glazer of Coldwell Banker, Westfield-East.
 
Cranford, NJ Home Prices - Steady Summer 
The real estate market in Cranford, NJ continues its steady summer.  Activity has continued to increase at a reasonable pace, as have prices.  If you are considering buying a home in Cranford, NJ, there are plenty of things to consider, so having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of our listings are selling within a few days of hitting the market. As you can see from the … (0 comments)

real estate market report: 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)

real estate market report: 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)

real estate market report: 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)

real estate market report: 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)

real estate market report: Cranford, NJ Home Prices - March, 2015 - 03/28/15 05:19 AM
Cranford, NJ Home Prices
March, 2015

Real estate market data for Cranford, NJ provided by Tg Glazer of Coldwell Banker, Westfield-East.
 
Cranford, NJ Home Prices  
The real estate market in Cranford, NJ continues it's slow start this year.  New homes coming on the market have continued to lag behind last year's pace.  Even so, the market indicators are looking up, and moving forward.  If you are considering buying a home in Cranford, NJ, there are plenty of things to consider, so having a good real estate agent who understands the market is a must.  Don’t wait on the sidelines for too long, many of … (1 comments)

real estate market report: 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)

real estate market report: Home Prices in Cranford, NJ for February, 2015 - 02/16/15 07:14 AM
Cranford, NJ Home Prices
February, 2015

Real estate market data for Cranford, NJ provided by Tg Glazer of Coldwell Banker, Westfield-East.
 
Cranford, NJ Home Prices  
The real estate market in Cranford, NJ started 2015 softly.  Although prices were down, activity was markedly up.  Traffic being reported at open houses has been very brisk, and the media reports of first-time homebuyers starting to really be a factor are panning out.  If you are considering buying a home in Cranford, NJ, there are plenty of things to consider, so having a good real estate agent who understands the market is a must.  Homes that are priced right are … (3 comments)

real estate market report: 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)

real estate market report: Cranford, NJ Market Report - December, 2014 - 12/15/14 03:07 AM
Cranford, NJ Market Report
December, 2014
Heading into the home stretch!
Here we are once again, deep in the throes of holiday shopping season.  While visions of sugar plums dance in the heads of some, others have visions of a new home for the new year!
While the numbers in November year-over-year were pretty static, we head toward the end of 2014 on a positive note for the Cranford, NJ real estate market.
Through November, the number of closed sales is up 13% over last year, while the number of days on the market is down 13%.  In other words, more homes have … (1 comments)

real estate market report: Cranford, NJ Market Report - November, 2014 - 11/24/14 01:42 AM
Cranford, NJ Market Report
November, 2014
Cranford isn't resting on it's (holiday) laurels!

The holidays are upon us!  The leaves are out at the curbs, the lights are beginning to shine, and I can practically taste the turkey!  But the Cranford, NJ real estate market is not showing signs that it'll be passed out, drooling on the couch like your uncle after he packs away a little too much sweet potato casserole on Thursday!
The data shows that the Cranford, NJ real estatate market remains strong and active.  This information has been supported by very active open houses, and attendence by new Buyers.
(1 comments)

real estate market report: Cranford, NJ Market Report - October, 2014 - 10/21/14 03:40 AM
Cranford, NJ Market Report
October, 2014
Fall is a time for change.  The kids are back in school (woo hoo!!), the trees are putting on a spectacular show of color, and even though it's the middle of October, I'm already seeing Christmas displays!!
The Cranford, NJ real estate market is changing, too.  We are now in the post-summer spike in home sale activity.  This bump usually last a few months, until the holiday season is really in full swing.
While the year-over-year statistics (that is the numbers for Sept. 2014 compared to Sept. 2013) for the Cranford, NJ real estate market could … (1 comments)

real estate market report: 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)

 
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

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Coldwell Banker, Westfield, NJ

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

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