If you’re concerned that we’re making the same mistakes that led to the housing crash, take a look at the charts and graphs below to help alleviate your fears. And, let's connect to discuss further.
Today’s housing market belongs to the sellers. If you’ve considered making a move but have been waiting for the right market conditions, your wait may be over. Let’s connect so you’ll be positioned to win when you sell your house this spring.
Home price appreciation will be strong this year, but it won’t reach the historic levels of 2020. Let’s connect if you’d like to find out what your house is currently worth in our local market.
The average list price for all listings in Bridgewater Township is $458,560. There were 26 new listings in Bridgewater Township last month with an average list price of $537,650. There were also 43 homes that have gone under contract in the past 30 days with an average list price of $636.962 and 32 days on market.
Based on the last full month's contract sales, statistics show a severely deficient supply of inventory of just two months. Normal market conditions average four to six months in Hunterdon County. Units going under contract averaged 55 days on the market. One hundred fifty-eight units went "under contract" in February, up slightly from 142 in the prior month. Newly listed properties in the same period totaled 89, down from 102 in the preceding month. Our total inventory number decreased from 643 this time last year to 255 units, 60% less than last year.
Housing demand is high and supply is low, so if you’re thinking of moving, it’s a great time to do so. There are likely many buyers who are looking for a home just like yours, and there are options coming for you to find a new house too. Let’s connect today to see how you can benefit from the opportunities available in our local market.
Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. Let’s connect today if you’re ready to learn about the leverage you have as a seller in today’s housing market.
Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year. It may make sense to buy now rather than wait. Let's connect and talk about your particular situation.
Today’s housing market is a big win for sellers, but these conditions won’t last forever. If you’re in a position to sell your house now, you may not want to wait for your neighbors to do the same. Let’s connect to discuss how to sell your house safely so you’re able to benefit from today’s high demand and low inventory.
Mortgage interest rates have dropped considerably over the past year, and compared to what we’ve seen in recent decades, it’s a great time to buy a home. If you’re in a position to buy a home, let’s connect to determine your best move in today’s housing market while interest rates are still in your favor.