Q3 2017 Market Brief

When comparing Q3 to Q2 of 2017, Hudson County real estate sales have continued to grow.  The 3rd quarter quantity sold strengthened by 3% and volume was still strong, increasing by 22%.  The average sale price went up 20% and the median sale price rose by 3%.  We saw a decrease in active inventory by 1%.  What does this mean for you?  The market is still strong!  If you are considering selling, now is the time.  Sellers in this market are cashing out for higher than their list price.  If you are a buyer, mortgage rates are expected to climb, so don’t wait much longer.  The market keeps improving and home prices are not predicted to fall anytime soon.  Inventory is shrinking so if you don’t jump aboard the real estate train now, you might be too late!  Buy before 2017 ends!

Stay up to date with the current real estate market with our market brief.  For additional details or a market analysis of your home, please contact us at christine@vuerealtygroup.com and kathleen@vuerealtygroup.com.  It’s important to know what your home is worth!  Se Habla Español!