A friend said to me"They meaning you Realtors say prices are going up but what is the real story because there are conflicting reports?"
Well here are the facts: The average price in south Jersey according to TREND MLS is higher than last year. But here is why: much of the really low priced inventory, homes below $100,000 have already sold and homes priced higher than $500,000 have started to sell and those 2 factors have raised the average sales price.
The number of home sales are are higher than last year but there still is a lot of inventory ( homes currently on the market) and a lot of Short Sales that still have to sell before we will see prices rise.
NJHOMES4U NJ homes for sale. My views as a Realtor Emeritus with 51 plus years of selling NJ homes C:609-220-9905
Selling or buying your home at the Right Price
Fair Market Value is always the Right Price
Wednesday, June 6, 2012
Sunday, June 3, 2012
New Listing Short Sale
http://youtu.be/ECqQ_503LRQ 1206 Clement Circle Gloucester Twp Somerdale PO NJ 08083 MLS# 6063033
Great home with lots of room, 4 bedrooms 2 full baths, in-law suite located on a quiet no thru street.
TimberBirch subdivision. $185,000 Short Sale
Great home with lots of room, 4 bedrooms 2 full baths, in-law suite located on a quiet no thru street.
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