Too few homes available?? In this market?? In Chester and Long Valley??
By Kelly Holmquist
(Keller Williams Towne Square Realty)
Although we keep hearing about the glut of homes on the market, there is actually a shortage of homes available in Northern NJ. That means that if you’ve been thinking of selling, this is a good time to list your home. There were about 100 homes listed but unsold in the Chesters as of the end of September. At the end of June, that number was 211. In Mount Olive, there 28 homes listed but unsold in March. That number slipped to 20 in August and down to 18 in September. Across Morris County, there were 439 homes available at the end of May. That number is now down to about 317. A recent report says the pace of home sales in New Jersey was stabilizing in September, with the rate of sales dropping back to last year’s pace after a brief increase. This same report says that the number of...