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.