Hi there! I’m Michele Irizarry, your friendly neighborhood REALTOR® here in beautiful Highlands, NJ. Today, I have some exciting news to share with all you buyers and sellers out there. So, let’s dive right in! As of August 2023, we currently have a market update that is sure to capture your attention. Our housing market is thriving, and I’m here to break it down for you.
First up, let’s talk about inventory. Right now, we have a healthy 2.75 months supply of homes available. That means there’s a good balance between buyers and sellers, creating an environment where everyone can find their dream home or sell their property with confidence. And here’s the best part, over the last 12 months, the Months Supply of Inventory has plummeted by a whopping 74.79%. That’s right, nearly a three-fourths decrease! This decline indicates a high demand for homes in our market, making it an excellent time for sellers to capitalize on their investments. Now, let’s talk about the List to Sold Price percentage. Brace yourselves, because this is fantastic news for sellers. Our percentage stands at a remarkable 106.2%. What does that mean? Well, on average, sellers are receiving over 6% above their listing price. It’s a testament to the desirability of our area and the value our properties hold. Speaking of value, let’s discuss the Median days on market. t’s only 18 days! That’s right, you heard me correctly. Our properties are flying off the shelves, so to speak. Buyers, this means you need to act fast to secure your dream home. And sellers, this means you can expect a quick sale and the certainty you’re hoping for.
And now, for the grand finale, the Median Sold Price. Are you ready for this? *drumroll* It’s an impressive $455,125! That’s the sweet spot our market is hitting right now. It’s a number that reflects the value of homes and the return on investment you can expect when working with me as your REALTOR®. So, whether you’re a buyer looking for your dream home or a seller ready to make a move, Highlands, NJ, is the place to be. With limited inventory, soaring List to Sold Price percentages, lightning-fast sales, and a thriving median sold price, our market is hotter than ever.
If you’re ready to jump into the action or have any questions about the market, don’t hesitate to reach out to me, Michele Irizarry, from Shore Prime Properties. Together, we’ll navigate this exciting market and make your real estate dreams a reality.
I’m Michele Irizarry, selling prime real estate at the Jersey Shore.
