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Market Trends
Commentary Provided byBrenda G. Schofield If you can qualify, now is an exceptional time to buy a home in Holmdel. Low rates with falling home prices makes a home purchase a great value! Call now for more information at 732-995-5217 |
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| Report Date | Fall 2009 | ||
| Nearest Metro Area | New York City | ||
| Buyers’ or Sellers’ Market | More sellers than buyers | ||
| Average Time on Market | 60-90 days | ||
| Market Trend | Decreasing | ||
| Housing Inventory | Good supply - Some Prices | ||
| Average Home Price | $700,000 - View Graph Trend | ||
| Best Selling Price Range | $750,000 - $799,000 | ||
| Worst Selling Price Range | $1,000,000+ | ||
| Compared to Last Year | Down 5-10% | ||
| Prices As % of Asking Price | 85-90% | ||
| Multiple Offers? | No | ||
| Greatest Activity | Repeat Buyers | ||
| Buyer Activity for the past 90 days in Holmdel is | No Change | ||
| Seller Activity for the past 90 days in Holmdel is | Decreasing | ||
| Is Financing Available For Qualified Buyers in Holmdel? | Yes | ||
| Existing Home Prices for the past 90 days are | No Change | ||
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 5-10% | ||
| Housing Hot Spots | Rentals up significantly in Monmouth County | ||
| Reason to Buy/Sell | Lower prices with good selection and competitive low interest rates creates a perfect time to buy in Holmdel! | ||
| Average Sold Price | $700,000 - View Graph Trend | ||
| National Real Estate Market | |||
| National Summary: National Housing Market Recovery Near? Latest HouseHunt Random Survey Finds Encouraging Signs - First Time Buyers Taking Advantage of $8,000 Tax Credit Like the legendary phoenix which rose renewed from its ashes, the U.S. housing market appears to be on the verge of emerging from the worst real estate market in three years. Several encouraging signs are there. Click here for full article... | |||
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Brenda G. Schofield
Mack-Morris Beth Thomas-Edwards, Inc. Realtors Holmdel, New Jersey 732-995-5217 BrendaSchofield@aol.com Agent Home Page 
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Holmdel Local News
News for Holmdel, NJ - Friday October 16th, 2009 9:14am
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat!
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732-995-5217
