As we move along into summer the market is as hot as the weather. Rates are at their lowest in over a year and prices are climbing. With inventory low it is a GREAT time to sell. With rates low it
Early 2019 Market opinion
Dated: February 2 2019
The New Jersey housing market is still going strong, well pretty strong anyway. Low inventory and recently lowered interest rates have been feuling the market through a normally slow winter period.
The homes that are really moving are the newly renovated homes. existing homes that are not completely renovated have been taking slightly longer to sell. Really this points to the shift in the buyer's priorities. The buying public right wants a home they can move into and un pack and go back to their lives. They arent looking for a home that "needs work" even if it is minor. Many of the buyers do not even want to paint.
What that means for those of you considering selling this year is get your homes in shape. Don't put off getting those new counter tops because you feel that the buyer will want to do it themselves. They don't. Just pick something that goes with the trends, light stone or quartz. Dark cabinetry and countertops are not current for today's buyer. And freshen up paint with greys and other neutral colors.
I think the market will continue to be strong through the year.
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