I always wanted to write a headline like that; well at least since about 2006!  The best part is, it’s true. The graph on Hunterdon Home sales below shows sales rising. 

 We’re ahead of 2009.  Can we cross the blue line, do better than May, June of 2008 and go higher like the middle of last year?  That’s the pattern I expect to see play out over the next few months as the tax incentive ends.  Homes bought under that incentive will close title between now and June 30th with a knock-on effect in sales of homes in higher price ranges. Every purchase by a first-time buyer generates 3-4 other closings as the proceeds appear at closing tables across New Jersey (and the Carolinas). The combination of more affordable home prices and low interest rates also spurs sales.

Back to the headline. The inventory of homes for sale is down this month, again well ahead of 2009 and almost crossing the line of 2008. Look for that to dip even more in April, the last month to get under contract a home that must close by the end of June. The drop in October 2009 is a model or what we can expect. (See last month’s post below.)

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Speaking of homes for sale, now you can search the MLS from any cell phone. On a smart phone, the GPS-enabled map shows listings near you. You can search by price, community, MLS number, and map listings wherever you are in north Jersey, the coverage area for the Garden State MLS.  

Get yours today: text RealApp to 87778 or click below to visit http://GetRealApp.com

Please call for a free price and marketing analysis on your home. I’d love to add you to my list of happy clients and look forward to marketing your home. Don Sherblom  908 797-9900  don@clintonrealestate.com

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