Stop me if you have heard this one: How would you write the headline? 95% of applicants are declined admission to Harvard every year, or 5% of applicants get in? Of course, your odds of selling in 2019 are much easier than 20 to 1. . . just not the no-brainer of the last few years. With the supply/demand ratios in the towns we study tilting to supply, only the best prepared, sharpest priced homes will sell promptly and for top dollar.
I am here to advise and support you every step of the way. The sooner we hook up, the better I can serve you!
The charts below show activity and standings on the 15th day of 2019. So New Actives, Back on Market, Under Contract, Withdrawn and Expired (W/X) are events of the first two weeks this year. Buyers are out, and inventory is coming out even faster. The happy news is absorption rates, months to sell off the inventory at the rate of the last 6 months, are mostly under the 6-month benchmark for a balanced market.
Curious about your home’s value?
Please click below for the market update of interest to you:
Chatham
Cranford
Fanwood
Millburn-Short Hills
Mountainside
Scotch Plains
Watchung
Warren
Westfield by Grade School:
Franklin
Jefferson
McKinley
Tamaques
Washington
Wilson
Scott Gleason scott@luxuryhomesnj.com
Scott Gleason, CRS at Coldwell Banker Realty – East, NJ Luxury Homes