Bridgewater, NJ Real Estate Market Update
By Victoria Marton, Your Hunterdon County Realtor
(RE/MAX Classic Group)
The Bridgewater Real Estate Market is not out of the woods yet, as shown by our October sales pace. There were 27 Bridgewater Homes For Sale that went Under Contract during the month of October, as oppose to 57 during the same month of 2009. The total New Jersey Homes for sale that were Under Contract in October fell by 30%, as compared to Bridgewater's decrease of 54%. One of the prime reasons for the slower pace is our state's continuing job losses at an average of 3,900 per month. Therefore, the pace of sales east of Bridgewater, NJ (with more direct mass transit to New York City) is enjoying a better market albeit still down from 2009. Another indicator of concern is our unsold inventory or the total number of homes for sale in Bridgewater, NJ. In October, 2010 Bridgewater Ho...
Comments
1