With the 2018 year coming to a close here are some statistics to help make sense of real estate market activity. Click on the reports to find charts, graphs and photos that help make sense of
Low Housing Inventory In Southern Ocean County Is Great For Sellers
Low Housing Inventory in Southern Ocean County is Great for Sellers
We are sure you have noticed the lack of real estate signs right now in the local area. Why? Homes have been selling faster than in previous years, but we can tell you inventory remains low. What does that mean for a seller?
Since less homes are on the market, there aren’t as many choices for buyers. This causes more buyers to see your home. The more buyers, the better chance of selling your home.
Since there aren’t as many homes out there for buyers to choose from, we are seeing prices slowly rise. Buyers are willing to pay more money for a home, when they know there aren’t many other options out there for them.
Homes, on an average, are selling faster, because of the low inventory. Less houses to choose from, so your home can sell faster
There are plenty of qualified buyers out there. Baby boomers are looking to downsize, while at the same time, Millennials are reaching prime home buying age. Many buyers are offering larger down payments and some are making offers over asking price.
So, if you are thinking of selling your home, now may be a good time.
The Muldowney Family Team has over 10 years of experience in all types of real estate from adult community to waterfront to condos to single family homes. Our team approach assures you that one of us ....
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