Fortunately, the market seems to be abuzz with activity.  Potential buyers are dusting off the holiday jet-lag and starting to hit the streets looking for that new special place to call home. January is starting off strong, in spite of data showing a sluggish 2018.  Tax regulation changes, a roller-coaster stock market and rising interest rates all contributed to more sellers deciding to stay put and buyers thinking twice before investing last year. However, 2019 has started out with the usual robust activity of prior years, signaling a confidence in the real estate market.  (See the chart below for a quick snapshot)  Buyers in many price ranges appear to be hungry to buy homes between now and June to ensure getting their families settled before the start of school in the fall.   

If you are contemplating a potential sale this year, my advice is to involve a trusted realtor early in the planning. Our expertise in knowing what buyers are looking for, will help shape the projects you are considering, or maybe to answer the “should I sell or renovate” question. I’m happy to help you make decisions about potential home improvements, to talk about the value of your home, and of course to help you through a sale, purchase or if you are considering buying investment properties.

To see the a comprehensive list of all sales in your town in 2018, click on the name of the town for a pdf download.  As always, give us a call if you would like more information.

Basking Ridge

Berkeley Heights

Chatham Borough

Chatham Township

Livingston

Madison

Maplewood

Millburn / Short Hills

Morris Township

New Providence

Summit