The New Jersey Skinny Report for April, 2015

By
Real Estate Agent with Coldwell Banker, Westfield, NJ

Housing Market

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 needs, please CONTACT ME!!

Comments (3)

Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

TG - looks like you have a good market  in your area of New Jersey.  Thanks for sharing the stats.

May 02, 2015 01:12 PM
Scott Gleason, CRS
Coldwell Banker Realty - Westfield, NJ
Westfield NJ New Homes Specialist

Hello TG - Always nice to see positive reports.  Happy Monday!!

May 04, 2015 04:38 AM
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School - Panama City, FL
Rowlett Real Estate School / Owner and Instructor

Great job on your market report.   It was very helpful.

May 05, 2015 07:29 AM