📈 🏘 Highlands, NJ Sept 2023 Market Update

It’s Michele Irizarry, your trusted REALTOR® here in the stunning city of Highlands, NJ. Today, I have an exciting market update for you. So let’s dive right in!

As of September 2023, we are experiencing a market that’s hotter than ever. With only 2.62 months supply of inventory, it’s safe to say that demand is outpacing supply right now. So, if you’re thinking about selling your home, this is the perfect time to do so!

Over the past 12 months, we’ve seen a jaw-dropping -76.4% decrease in Months Supply of Inventory. That means the market is moving fast! So, if you’re a buyer, you’ll need to act quickly to secure your dream home here in Highlands.

Now, let’s talk about the List to Sold Price percentage. This number is currently at an impressive 107.9%. What does that mean for you? Well, sellers, it means you have the potential to sell your home for more than your asking price in this competitive market. And buyers, don’t worry, I’ve got some strategies up my sleeve to help you negotiate the best deal possible.

Time is of the essence! The median days on market is just 13 days. That’s right, homes are flying off the market faster than ever. So, if you’re a seller, you can expect a quick turnaround time. And buyers, be prepared to act swiftly to snatch up your dream home before it’s gone!

Lastly, let’s talk numbers. The median sold price in Highlands is currently sitting at a solid $1,000,000. Now, this may vary depending on the size, location, and condition of the property, but rest assured, the market is showing consistent growth and value in this beautiful coastal city.

And there you have it! A market update that will surely keep you engaged and interested. Whether you’re a buyer or seller, now is the time to make your move in Highlands, NJ. If you have any questions or need assistance navigating this thriving market, don’t hesitate to reach out to me, Michele Irizarry, your dedicated REALTOR®, selling prime real estate at the Jersey Shore.