The question on many readers minds is “how will the tax changes really affect our NJ real estate markets? Below is a little Y-O-Y comparison of our markets for the 1st two months of 2017 vs 2018. Let’s keep in mind, 2 months is far from a scientific sample. And asking prices don’t always indicate sale prices on a town wide level. Most towns are seeing slightly to much higher median asking prices, and a slight buildup of supply. The common wisdom is that 6 months is the border between sellers’ and buyers’ market.
This writer will hold off on drawing any conclusions until May, when we will study a trimester of data.
Curious about your home’s value?
Please click below for the market update of interest to you:
Fanwood
Garwood
Mountainside
Scotch Plains
Summit
Westfield by Grade School:
Wilson
Scott Gleason scott@luxuryhomesnj.com
RE/MAX Select
Luxury Homes for Sale in Westfield