| The New Jersey real estate market has | | | | is an increasing market trend with a |
| just about everything and anything in | | | | good inventory of homes. The average |
| any price range. Take a look at the New | | | | housing price is around $900,000, which |
| Jersey real estate market in Rumson. The | | | | is nearly five percent from last year. |
| nearest metro area is central New | | | | Sellers are only getting somewhere |
| Jersey. It is an equal buyer to seller | | | | around ninety to ninety five percent of |
| market with homes sitting between sixty | | | | the asking price of their home and there |
| and ninety days between listing and | | | | are multiple offers. Move up buyers hold |
| sale. There is a good supply in all | | | | the majority of the buyers portion of |
| price ranges and an increasing market | | | | the market and job growth is behind the |
| trend. However, the average housing | | | | market activity. |
| price is $2,100,000. It is up somewhere | | | | Long Beach Island has more buyers than |
| close to five percent when compared to | | | | sellers despite these homes are sitting |
| last year. In addition, sellers are | | | | for more than 120 days on the market |
| getting between 95 and 100% of the | | | | between listing and closing. There is a |
| asking price for their homes with | | | | good inventory, with an average price of |
| multiple offers. Repeat buyers hold the | | | | $725,000 this is actually down 10-15% |
| largest buying group on the market and | | | | from last year. Sellers are only getting |
| the market is being driven by job | | | | 90-95% of the asking price and there are |
| growth. | | | | no multiple offers in this New Jersey |
| Heading downwards on the New Jersey real | | | | real estate market. Repeat buyers show |
| estate market, we have Fair Haven. This | | | | the greatest activity with good economic |
| is also a 50/50 buyer to sellers market | | | | news being the driving factor behind the |
| with homes sitting between 30 and 60 | | | | market. |
| days between listing and closing. There | | | | |