by Francine Lichtman, Real Estate Sales Associate

The last few weeks have seen a very nice upward move in the sale of homes! Maplewood has a total of 66 homes under contract while Montclair has 85. West Orange has 100, South Orange has 42, Millburn/Short Hills has 52 and Summit has 54. Inventory, overall, has moved down about 15-20%. It certainly appears that many buyers suddenly have gotten off of the fence and realized that there are great prices and great interest rates that are available NOW. No one knows for sure what the future will bring.

Buy now, Sell now.

There is one other change that I am seeing in the marketplace. Sellers are becoming more realistic about the prices their homes will be able to sell for.Gone are the days of the crazy market which allowed us to put a nice house on the market, go away for the weekend and come back to multiple offers, often times enabling us to receive a bonus of up to 15% over asking on our homes! Remember, however, that we all need a place to live. If you are receiving a big bonus on your sale, you are also paying a big bonus on your purchase. The Universe just works that way!

Let’s Schedule Some Question and Answer Time

If you would like to schedule some time to discuss the market with me, I would be happy to make an appointment with you.  Whether you are considering a sale or a purchase, now is the right time to move forward. Property prices are relatively stable at the moment. Homes that show well and are priced correctly are selling.

Hire the team that goes BEYOND FOUR WALLS to make your experience one that is as stress free as possible. Knowledge is power. Download my Free Tips for Buyers and Sellers at www.NJisHome.com