What's Important to Know in the New Jersey real estate market NOW!
By Laura Sulborski
There are a few things you should know about the current New Jersey real estate market and how it will affect your search for the perfect place to call home. Our spotlight is on these wonderful areas:
Montclair, Glen Ridge, Ridgewood, Glen Rock, Westfield, Summit, Millburn, Maplewood, South Orange, Verona and the Caldwells.
Read a little about each of these walkable suburbs in northern New Jersey on https://NJrealestatehomesearch.com. They all offer several unique reasons you might feel most comfortable there. I'm here to help you focus your search and provide all the details you need to choose which works best for your lifestyle.
Current market conditions have been summed up this way by Tom Wright, President of the Regional Plan Association, who declared “Our region is struggling under the weight of its own success — with housing prices at an all-time high and space at a premium.”
His words are evidenced by the direct impact continued low inventory levels are having on availability. However, low interest rates continue to have a positive effect on affordability. This fact is leading more people to seek to buy with fewer looking to rent. That is having a big impact on where home prices are heading.
Recent surveys reveal that with rental prices having moved so high the last several years people find it makes more sense than ever to buy. Right now, mortgage payments and rental fees are comparable in terms of monthly expense, while owning remains the path to greater financial advantages in the long term.
To meet the higher demands of the multitudes choosing to make the leap to home ownership, there are plans to build around 250,000 housing units in 2018.
Contact me for the latest analysis and statistics of market conditions and what we can expect in the months ahead.
I'm here to help you sell or buy with confidence. Utilize the area's most powerful home search online resources with http://NJrealestatehomesearch.com.
Thinking of selling and want to know more about how your home is positioned in the current market? Looking to buy but not sure if the time is right?
Let me help. Contact me at 973-233-7419 or email me at Laura.Sulborski@kw.com.
Laura Sulborski, Broker-Associate, CRS
Certified Luxury Home Marketing Specialist (CLHMS)
| Top 1% of all NJ Realtors based on client satisfaction,
| Multiyear Five Star Agent-NJ Monthly