Housing Market Continues to Improve

According to The Otteau Report, the New Jersey housing market for the month of October recorded the highest number of sales in three years, a 55% increase from the same month of 2008. Local sales are also up from last year. Quarterly under contract sales in the 3rd quarter, typically a slow time of year, were higher than past years and 4th quarter under contract sales are already equal to or higher than 2008. This new data coupled with TheJillSmithTeam’s market statistics confirm that area real estate values have recovered from years’ past record lows. If you are considering moving in 2010, it is time to prepare for the spring market. Contact The Jill Smith Team today to plan your buying or selling goals for the next year.

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To discuss your next real estate transaction contact Erin at ErinSmith@kw.com to arrange a phone or in-person meeting. We look forward to assisting you.