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When you evaluate a local realtor, examine the average number of days on market (DOM) it took them to sell the last 10 listings they had-low DOMs indicates a realtor is good at accurately pricing properties to sell
Today's unsold housing inventory equates to just 3.7 months of sales, which is lower than one year ago, when it was 4.2 months
Avoid hiring realtors with no prior local market experience as experienced realtors can more effectively deal with unexpected challenges that invariably occur during a real estate transaction
After home sales recorded a 6% retraction in March, New Jersey recorded more than 11,000 purchase contracts during the month of April equating to a 7% increase compared to the same month last year
When possible, buy building materials in bulk to save money over time
NJ homeownership rate has risen to 64.3% in Q1 of 2018
