Are home prices on the rise? Is the housing market in NJ improving? For many residents, the writing on the wall says YES. Some NJ towns have survived the housing bubble and for lack of a better way to expressed this: Several NJ towns have rebounded successfully. Slowly but surely NJ homeowners are gaining equity. But, these lucky few are not exactly gaining equity at the same rate as yester-year, even though there are plenty of examples of multiple offer situations like the DC residents in the video below. Find out if now is the right time to sell in your town click here.

There are a few barometers Realtors and Agents like use to determine if the housing market has recovered like:

  • 1. The number of days a house sits on the market. If the house receives a written offer within the first 30-90 days, of being listed for sale that’s a good sign.
  • 2. The number of buyers that attend an open house or visit the home within the first 30-60 days of the home being listed for sale.
  • 3. The number of months it takes to sell of the current inventory of homes for sale.
  • 4. Propensity for keeping interests rates low and the availability of mortgage dollars.

Post By Audeliz Angie Perez (160 Posts)

Angie Perez is a NJ Circle of Excellence award winning real estate agent for Weichert, Realtors in Edison. 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.

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One Response to Is the housing market improving?

  1. Kevin Jarmen says:

    The housing market is improving, even if Sandy throws a little bump in the road, things are looking better then it has in a long time. It is a great time to both sell and buy with interest rates low, but inventory may be tighter for a few months as many of them are being used as rentals temporarily.

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