South Jersey Real Estate Sales – October 2013

This October 2013, many South Jersey homes saw a flurry of activity with many buyers putting in final offers just before the holiday season rolls in.  Historically, real estate is busy in the spring and summer months, but most recently, we have seen a ton of activity in October! So, what was it about October that converted all of these active listings into pending contracts?

Personally speaking, this may be the first time that I have EVERY one of my listings under contract  about to be under contract (offers are in and finalizing negotiations).  In months past, we never saw this much activity.  Right now, I am on a rampage trying to find new listings to replace the under contract ones! It appears that we are starting to move into a more stable market.  Of course, South Jersey, like many towns in New Jersey is not there yet, but we are getting there.

From just 2012 until 2013 there has been an increase in sales by 7% in Burlington and Camden Counties, according to MLS Trend.  There are more homes that are getting offers in 90 days or less than ever before, a true indication of a more stable market.  With lowered inventory levels than years past, we may be close to coming out of the slower, buyers market we have had over the last 5-7 years.

South Jersey Real Estate is just about to get busy.  Buckle Up!

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