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UP Trend in Real Estate Continues

Statistics from the New Jersey MLS show upward trend in housing sales.

This just in from the New Jersey Multiple Listing Service.

NJMLS statistics for November 2012 vs. 2011 are improved on all key metrics continuing recent trends:

Entire NJMLS (all categories, all areas):

Number of Solds up +23.3.0%, Median Sale Price up +5.5%, Under Contracts  up +1.2%, Active Listings down -21.0%.

Single Family Homes (all areas):   

Number of Solds  up +24.3%, Median Sale price up +2.7%, Under Contracts up +0.5%, Active Listings down -23.9%.

Activity is also showing a rise with increases in lockbox showings.

This news combined with the continued low interest rates for mortgages are sure to keep Real Estate on the rise from Winter through Spring.

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* Home shown may have been sold by more than one member of the NJMLS.

Pamela Stetson - Top Ten Agent, Multi-Million Dollar Sales Club. For more information about buying or selling your largest financial asset, contact me at CupaT@aol.com.*The data is based on information from the NJMLS. All information is deemed reliable but is not guaranteed.

Copyright - Pamela Stetson 2012

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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