Back to the Future Again in Westfield NJ

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Real Estate Agent with RE/MAX Select NJ# 9483506

Westfield Market Conditions are very like 2009 now.  Creeping into buyer's market, with a 6.25 month supply.  This "absorption rate" is computed by dividing the number of houses on market by average monthly sales since the end of the tax credit sales surge.  The unit inventory is 147, lots better than the 212 we saw end of 2007, but surely weak compared to the 2010 kickoff with just 105 houses looking for the spring swell of buyers.

In any month now, 24 houses are selling, leaving 123 on the shelf.  To be among the 24, you'll need to be the best presented, best priced house in your cohort the day the buyer steps into your home.

You'll need sound professional advice to achieve that.

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