The April 30th deadline to place homes under contract and qualify for tax incentives pumped up sales towards the end of April. This led to a hangover effect in May and June. The local homes market has yet to return to seasonal averages of the last few years, as seen below. 

Given that whole summer thing, home sales may not rise significantly until after after Labor Day, keeping the pressure on to price your home right. But this lull may bode well for a resurgence of home sales in the fall, typically the second most active market of the year. For home sellers, competition is key.

The inventory index, or absorption rate, shows how long it would take to sell every home on the market at last month’s sales pace. This index (shown above) went from an unusual low to new heights in the last two months. If the ratio of new listings to sales is favorable, the index could drop, making  homes sell better after Labor Day than in any recent year. Stay tuned – and call me for a free consultation on the preparation, marketing, and sale of your Hunterdon Home! (Don Sherblom 908 797-9900)

Call me or email  Don Sherblom 
                                       RE/MAX Town & Country
                                      44 Leigh St., Clinton NJ 08809 

                                      908 797-9900    ClintonRealEstate.com

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Please call for a free price and marketing analysis. Don Sherblom  908 797-9900