Monday, September 13, 2010

How's the Market this week in Manchester, NJ (Sept. 13th, 2010)?

How's the real estate market in Manchester, NJ, for the week of September 13th, 2010? As the saying goes, "All real estate is LOCAL" and it is still a "Buyer's Market" with an abundance of inventory, lower home prices and record low mortgage rates. Let's take a look (Note; Altos Research does not differentiate between Single Family Homes and Adult Community Homes):

Unfortunately, the Condo Market in Manchester appears to be diminishing as 2 units sold in the last week and BUT 3 new units came on the market:

Home prices appear to be falling, across the board, in Manchester, over the last 90 days:

Landscape Chart

So, "How's the Market in Manchester, NJ"? If you are in the market to buy a home, IT JUST DOESN'T GET ANY BETTER THAN THIS! If you MUST sell your home, price it right now as prices are falling again. If you WANT to sell but don't HAVE TO sell, take your home off the market and allow your neighbor to MOVE ON with their lives. That's how the market is in Manchester, NJ, this week!

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