Winter 2012 Market Update
If you can qualify, now is an exceptional time to buy a home in Rumson. Low rates with slightly falling home prices makes a home purchase a great value! Call now for more information at 732-995-5217

Average Home Price $975,000 - View Graph Trend
Average Price Compared to Last Year Down 0-5%
Average Time on Market More than 120 days
Best Selling Price Range$900,000 - $949,000
Worst Selling Price Range$400,000 - $449,000
Prices As % of Asking Price 85-90%
Existing Home Prices for the past 90 days are?Decreasing
Market Trend No Change
Buyers’ or Sellers’ Market More sellers than buyers
Buyer Activity for the past 90 days in Rumson isNo Change
Seller Activity for the past 90 days in Rumson is?No Change
Multiple Offers?No
What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?0-5%
Is Financing Available For Qualified Buyers?Yes
Housing Inventory Good supply - Some Prices
Greatest Activity Repeat Buyers
Reason to Buy/Sell Lower prices with good selection and low interest rates creates a perfect time to buy in Rumson! One of the favorite Waterfront towns for the move-up Buyer.
Nearest Metro AreaNew York City
Housing Hot SpotsMost cities within the Monmouth County area are considered ’Housing Hotspots’
Average Sold Price $975,000 - View Graph Trend

Rumson Local News


News for Rumson, NJ - June 14th, 2010 5:27pm
Rumson has always been a very desirable shore town and because the interest in purchasing a home is always steady, so is the prices for properties. Now is the time with home prices at a desirable level and interest rates as low as they are, to purchase that home you have always wanted in this riverfront community. just a minute or two from the ocean.
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Brenda G Schofield
Brenda G Schofield
     732-995-5217
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June 2010 (1)


Mortgage Rates
– Feb 14th, 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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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.

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Brenda G Schofield
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Brenda G Schofield
Heritage House Sotheby's International Realty
Heritage House Sotheby's International Realty

  732-995-5217




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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)
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