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Spring 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 | $900,000 - View Graph Trend |
| Average Price Compared to Last Year | Down 0-5% |
| Average Time on Market | 90-120 days |
| Best Selling Price Range | $950,000 - $999,000 |
| Worst Selling Price Range | $550,000 - $599,000 |
| Prices As % of Asking Price | 90-95% |
| Existing Home Prices for the past 90 days are? | Decreasing |
| Market Trend | Decreasing |
| Buyers’ or Sellers’ Market | More sellers than buyers |
| Buyer Activity for the past 90 days in Rumson is | Increasing |
| 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 | $900,000 - 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.
Contact Information
Brenda G Schofield
732-995-5217
Request More Information Let me answer your questions!
Ask Me!
Mortgage Rates
– May 28th, 2012 –
---------------------------------
30 yr. fixed rate: 3.82%---------------------------------
15 yr. fixed rate: 3.11%
30 yr. jumbo rate: 4.38%
15 yr. jumbo rate: 3.61%
Home Values
StreetZip Code
Agent quarterly survey shows growing optimism toward a housing market recovery
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
End of tunnel, meet light. Real estate agents have been imagining that vision for a while, and first-quarter optimism in 2012 has some saying the road to recovery could be just around the corner.
Much of the upbeat attitude from HouseHunt's market condition survey stems from tighter inventory and houses not remaining as long on the market. Of agents reporting, 38 percent said inventory was tight in their cities, compared to 32 percent in the fourth quarter of 2011 and 13 percent at the beginning of last year. Regarding time on the market, 30 percent reported houses selling in 60 days or less, compared to 22 percent in the previous quarter and 10 percent at the beginning of 2011.
Click here for full article...
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Request More Information Let me answer your questions! Ask Me!
Brenda G Schofield
Heritage House Sotheby's International Realty
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 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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