We start the first post of the NJREToday.com blog with the most important question on the minds of buyers, sellers, Realtors, and agents like: The Bottom of the Market: Are we there yet? Are we there yet? Inquiring minds want to know. 

According to the National Association of Realtors (NAR), there seems to be an uptrend in the market. NAR announced late last week that existing-home sales rose 7.2 percent in July. This marks the first time in five years that existing-home sales have increased for four months in a row, and is the largest monthly gain on record.

In addition to the month-over-month increase, existing-home sales were 5 percent higher than in July 2008. The last time sales were higher than a year earlier was November 2005.

Some experts believe that there is an uptrend in the market, especially in some NJ towns where sellers are experiencing a seller’s market i.e. reasonable offers within the first 30-90 days of the listing, possibly even multiple offers or over asking price offers. . .

Given the statistics, are you a believer? Are we at the bottom of the market? Take our poll below and we’ll post final results by August 31st.

In your opinion, are we at the bottom of the market in NJ?

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Post By Audeliz Angie Perez (160 Posts)

Angie Perez is a NJ Circle of Excellence award winning real estate agent for Re/Max Select in Westfield NJ. She sells anywhere from 12-25 houses per year on a consistent basis since 2005. Ms. Perez is primarily a buyer's agent on 60% of her real estate sales where she represents rental income investors, first time home buyers & trade up home buyers of 1-4 family homes within specific towns encompassing 4 NJ counties: Union, Essex, Middlesex and Somerset County. Many of Ms. Perez's clients appreciate her ability to negotiate favorable real estate deals for them. Many of her clients commented that her research abilities, her honesty, her knowledge of local market trends and her proficiency to manage multiple real estate transactions from start to close are some of the reasons why she was hired as their agent of choice. Please call, text or email Angie Perez to ask if she lists or sell in your town. If she can not help you, Ms. Perez would be more than happy to help or refer you to someone who can.

Website: → NJ Real Estate For Sale

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