From NJ 1015:
It’s like a Six Flags Great Adventure ride that never ends. One without too many lows that keeps just bringing you higher and higher into the clouds. Well, as far as price anyway.
That’s what New Jersey’s real estate market is like. Buyers want to get off the ride while sellers never want it to end.
Not only is the lack of available inventory of homes for sale affecting prices but it’s also created a situation where homes can be sold far faster than before.
When I listed my home last fall with Rob Dekanski of Remax 1st Advantage the closing took some time because of the buyer’s situation, but the actual process from day it was listed until we had a signed deal? Six days. And for thousands over asking price.
According to a story on nj.com, the statewide average is 39 days for the month of October. But keep in mind that accounts for home sales from listing to closing date or being taken off the market, not just a deal being made.
So that’s fast. But where are homes selling the fastest?