It is a delicate balancing act between buyer and seller that drives a healthy housing market.
Employment figures are positive, wages are going up and employers are hiring. Consumers are holding for the right deal, even in the face of extremely low mortgage rates. As seller and builder confidence increases, we should see more activity in Q2 2016. The second quarter tends to rank as the best time to list a home for sale. But if inventory stays low, it will be difficult to sustain sales increases in year-over-year comparisons. Comparing with the same period last year, homes in all three segments of the local market are selling more quickly. Prices are seemingly not so high as to stall the market completely. Demand is present but an abundance of choice is not, and therein lies the rub.
|Source: NJR Showingtime 10K Report||Days on Market|
Single Family Dwellings
The real estate profession has expanded and offers one of the widest career selections in the business world today. Working in real estate allows for independence and choices of environment in which to work.
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