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