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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
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| 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 is | No 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 Area | New York City |
| Housing Hot Spots | Most cities within the Monmouth County area are considered ’Housing Hotspots’ |
| Average Sold Price | $975,000 - View Graph Trend |
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Brenda G Schofield
Heritage House Sotheby's International Realty
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