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November 8 - November 14, 2009
November 21, 2009

Compared to the first week of November, this second week in the month saw a slight drop in the number of homes that went under contract in 8 New Jersey towns. There were 35 homes this week November 8 - November 14, 5 less than last week. You can see how each town made out in the list below:

Livingston = 6
Maplewood = 2
Millburn/Short Hills = 1
Montclair = 5
Nutley = 3
South Orange = 5
Verona = 2
West Orange = 11

The full list to the right only shows when a real estate agent has listed a home as under contract in the Garden State Multiple Listing Service (GSMLS). This signifies that the homeowner is on track for the house to be sold in the near future. However, there are things that can go awry and cause the house to not be sold. These weekly lists also show the current activity in the market and what price point is moving within each town.

It's important to know how houses are moving in the towns you're looking to buy or sell in. Following what price a home generated an offer gives a strong indication of prices at the moment, even though you don't know what the home actually sold for. Knowing the price when it sold and how long it was on the market can tell you a lot; just ask us more about it. We love providing useful information to clients and potential clients because we know that an educated consumer is our best client and partner. Why would you work with anyone else?

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