| The New Jersey real estate market has just about | | | | last year. Sellers are only getting 90-95% of the asking |
| everything and anything in any price range. Take a | | | | price and there are no multiple offers in this New |
| look at the New Jersey real estate market in Rumson. | | | | Jersey real estate market. Repeat buyers show the |
| The nearest metro area is central New Jersey. It is an | | | | greatest activity with good economic news being the |
| equal buyer to seller market with homes sitting | | | | driving factor behind the market. Manahawkin New |
| between sixty and ninety days between listing and | | | | Jersey real estate is down fifteen to twenty percent |
| sale. There is a good supply in all price ranges and an | | | | compared to last year with housing averaging a price |
| increasing market trend. However, the average | | | | tag of $325,000. There is a good inventory; homes are |
| housing price is $2,100,000. It is up somewhere close to | | | | however sitting on the market for more than |
| five percent when compared to last year. In addition, | | | | one-hundred twenty days. There are more buyers |
| sellers are getting between 95 and 100% of the asking | | | | than sellers in this New Jersey Real estate market. |
| price for their homes with multiple offers. Repeat | | | | Repeat buyers show the greatest activity. Sellers are |
| buyers hold the largest buying group on the market | | | | receiving between ninety to ninety five percent of their |
| and the market is being driven by job growth. Heading | | | | asking price with no multiple offers. The hottest area in |
| downwards on the New Jersey real estate market, | | | | this market right now is waterfront properties. Toms |
| we have Fair Haven. This is also a 50/50 buyer to | | | | River is one of the best areas of New Jersey real |
| sellers market with homes sitting between 30 and 60 | | | | estate. First time buyers are showing the most activity. |
| days between listing and closing. There is an increasing | | | | Housing prices are down nearly five percent to |
| market trend with a good inventory of homes. The | | | | $325,000 in a decreasing market trend. There are |
| average housing price is around $900,000, which is | | | | more buyers than sellers, no multiple offers, and a |
| nearly five percent from last year. Sellers are only | | | | good solid inventory. Homes are sitting on the market |
| getting somewhere around ninety to ninety five | | | | only a month to two months before selling. This area is |
| percent of the asking price of their home and there | | | | located within easy access to Atlantic City, New York |
| are multiple offers. Move up buyers hold the majority | | | | City, Philly, as well as the beach. It has some of the |
| of the buyers portion of the market and job growth is | | | | lowest taxes in the state and some of the best |
| behind the market activity. Long Beach Island has more | | | | schools, making this a prime location for anyone who is |
| buyers than sellers despite these homes are sitting for | | | | looking to move into this area. |
| more than 120 days on the market between listing and | | | | Tom Beaty offers New Jersey Real Estate |
| closing. There is a good inventory, with an average | | | | information for buyers and sellers. |
| price of $725,000 this is actually down 10-15% from | | | | |