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Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Marlboro Township. Low rates with stabilizing home prices makes purchasing a home today a great value! Call now for more information at 732-841-1991
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| Average Home Price | $550,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $550,000 - $599,000 |
| Worst Selling Price Range | $1,000,000+ |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | No Change |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Marlboro Township is | Increasing |
| Seller Activity for the past 90 days in Marlboro Township is? | No Change |
| Multiple Offers? | No |
| Multiple Offers Commentary | There have been rare examples of multiple offers where a property was aggressively priced to sell. |
| What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? | 10-15% |
| Is Financing Available For Qualified Buyers? | Yes |
| Housing Inventory | Limited Supply |
| Inventory Comments | Home inventory is limited, and the higher end homes of $900+ are few and very select. Competitively priced homes are now bringing buyers out and mulitple offers have been noted. |
| Greatest Activity | Repeat Buyers |
| Reason to Buy/Sell | Population Growth |
| Nearest Metro Area | New York |
| Housing Hot Spots | Most cities within the Monmouth County area are considered 'Housing Hotspots' |
| Average Sold Price | $550,000 - View Graph Trend |
Marlboro Township Local News
Sluggish housing market in line for a better 2012, according to quarterly survey
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.
The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.
Click here for full article...
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Mortgage Rates
– Feb 15th, 2012 –
---------------------------------
30 yr. fixed rate: 3.87%---------------------------------
15 yr. fixed rate: 3.18%
30 yr. jumbo rate: 4.69%
15 yr. jumbo rate: 4.00%
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