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| www.RickRobinsonHomes.com |
One of the great things about being part of a Real Estate Board is that I get access to these great Market Reports that tell me how the market is doing at a particular time and I can then pass that information on to homeowners. This will give them a small glimpse of how the market is doing in Bergen County.
As Realtors we can tell potential clients what the housing market is doing in their area but the homeowners might not believe completely what we are telling them, and this report will validate what we say and help our potential clients get a feel for how long it might take to sell their home and if it is a Sellers or Buyers market as well as how much they might sell the home for.
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| Photo curtsey of photo bucket |
We can also get a feel for how long a home is taking to sell. Right now it seems that the Inventory of Single Family homes for sale is LOW there is only a 4 month supply this means if no other homes were to be put up for sale and with the current amount of Buyers out there ALL the for sale homes would be sold in 4 months and there would be nothing available to buy. This makes NOW a great time to list your home. There are more Buyers than there are homes for sale. (Sellers Market)
A single family home days on the market average is 79 days in the last 12 month period, and they are selling for 96.3% of asking price.
Condos have a days on market average of 103 and they are selling for 95.5% of list price within the last 12 months. Now these numbers can change rather quickly so it is important to keep up to date on what is happening in the market trends and this is why you should always hire a Realtor to Buy or Sell a home.
I would like to apply for that job.....Go to my website to see what homes are for sale near you.
Until Next Time...
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