Attention Buyers and Sellers in Long Branch, NJ 07740 & Highlands, NJ 07732! ๐๐ด
As your trusted REALTORยฎ, I am here to provide you with the latest market trends data for June 2023.
๐๏ธ ๐ According to RPRโs Market Trends data, we currently have a 9.28 Months Supply of Inventory. This means there is a balanced market for both buyers and sellers in Long Branch.
๐ Over the last 12 months, the Months Supply of Inventory has decreased by 34%. This indicates a growing demand and a potential increase in property values in the near future. ๐ ๐ฐ The List to Sold Price percentage is an impressive 102.6%. This shows that sellers in Long Branch are able to secure close to their asking price, making it a favorable market for those looking to sell their homes.
๐ต โ The median days on market is 53, indicating a competitive real estate environment. This means both buyers and sellers need to act efficiently to seize opportunities as they arise.
๐ฒ Lastly, the Median Sold Price stands at $655,555. This figure gives you an idea of the average sales price in our area, allowing you to make informed decisions when buying or selling real estate.
๐ผ If youโre considering buying or selling a property in Long Branch, NJ, now is an exciting time to make a move! Reach out to me, Michele Irizarry, your local REALTORยฎ, for personalized guidance based on these market trends.
๐ค ๐ก๐ Market Update in Highlands, NJ 07732
๐๐ก ๐ Date: June 2023 ๐ Company: Shore Prime Properties ๐ Name and Title: Michele Irizarry, REALTORยฎ
๐ Attention Buyers and Sellers!
๐ฃ ๐ The latest market trends data in Highlands, NJ 07732 reveals valuable insights for you:
1๏ธโฃ Inventory Update: Currently, there is a low 2.29 Months Supply of Inventory. This indicates a competitive market with limited options for buyers. However, this can be advantageous for sellers looking to capitalize on high demand.
๐ข๐ 2๏ธโฃ Decreasing Supply: Over the past 12 months, the Months Supply of Inventory has decreased significantly by -80.69%. This suggests a shrinking inventory, potentially leading to increased competition among buyers.
โฌ๏ธ๐ 3๏ธโฃ List to Sold Price: The List to Sold Price percentage stands at an impressive 101.3%. This indicates that, on average, sellers in Highlands, NJ are achieving their desired sales price or even higher.
๐ฐ๐ฏ 4๏ธโฃ Quick Turnaround: The median days on market is 41, highlighting a relatively fast-paced real estate market in Highlands, NJ. Sellers can benefit from a quicker sales process, while buyers need to act swiftly to secure their dream home.
โฐ๐ก 5๏ธโฃ Median Sold Price: The median sold price currently stands at $462,500. This figure provides a benchmark for buyers and sellers, allowing them to gauge the market value of properties in Highlands, NJ.
๐ต๐ผ ๐ข As a professional REALTORยฎ, Iโm here to provide you with up-to-date market insights and guide you through your real estate journey in Highlands, NJ. Whether youโre buying or selling, letโs connect and make the most of these market opportunities!
๐ค๐ ๐ Contact me at 732-759-8043 to discuss your real estate goals and navigate the vibrant market in Highlands, NJ. ๐ฒ๐ก
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