Spring is hopefully right around the corner. I wanted to take a moment and look at last month’s sales data and update you on what’s happening in the market. With this update I am comparing a few statistics among different municipalities: Ocean City, Longport, Margate, Brigantine, Linwood, Egg Harbor Township, and Galloway, NJ.
As you can see sales, inventory and price varies greatly among each or these communities. The turnover ratio shows the percentage of homes selling in each city. The higher the percentage the more homes are selling each month.
The most commonly asked question I get is: “How’s The Market.” Experience shows it all depends on where you live. If you’d like to know How the market is in your neighborhood I’d love to do some research for you and send you an email that will tell you what homes are for sale now, what homes have sold recently and how long homes are taking to sell in your neighborhood so you can feel secure in the knowledge that you have the most accurate information. This timely information will tell you right away how your market is right now! I imagine that information would be of value to you, would it not?
Please contact me if you’d like to know what’s happening in your market. 609-338-3773.
* Information based on MLS data as of 3/2/15