|Montclair Real Estate in 2012 showed a clear indication that the recession was over in New Jersey. It was the first time in over 5 years where housing showed positive growth for 12 straight months. Key statistics to Note: seller/buyer ratio in Jan 2012 (12:1), seller/buyer ratio in Dec 2012 receded to (4:1). Following through into January 2013 seller/buyer ratio (5:1) most likely a seasonal adjustment. Today, in November 2013 seller/buyer ratio is (2:1) coupled with the effect of more buyers being in the real estate market for the first time in 5 years, Montclair’s unsold housing inventory fell by 50%.
In summary, Montclair Housing is poised to rise significantly in 2014.
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|Looking to sell your Montclair Home? You should be interviewing realtors, studying the local market statistics, painting that old living room and getting ready for the spring market because all indicators are in place for a fabulous real estate year.
Looking to purchase a Montclair Home? Interest rates are fickle, seller’s are few and far between and its almost a guarantee that you will be in a multiple bid situation if searching Montclair Homes for sale. It’s time to get serious and learn all the neighborhoods within Montclair. Where is Edgemont Rd, what’s all the talk about Church Street. How private is the South Mountain Estate Section. What’s the commute like from The Fairway Neighborhood?Forget about zillow and trulia, connect with a local realtor who can tour the neighborhoods. Get your ducks in a row, feet on the ground and most importantly study the homes which have just sold in Montclair.
Buying and Selling Montclair Homes 2013
November 21, 2013 by Gerri Leventhal
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