The "Spring Market" has definitely arrived in our area.
We have suddenly seen a spike in local sales. With the mortgage rates remaining low and the inventory filled with delicious morsels, many long time renters have been lured into the arena of homeownership.
Since April 1, below are the statistics in the surrounding towns.
For some clarity, a property goes into Attorney Review when an offer has been submitted and a Seller has accepted it. This process generally runs for 3 days. A property is considered "under contract" when the 3-day Attorney Review period ends and everyone has come to an agreement on the various terms in the contract.
Maplewood: There are 141 Active (available) properties on the market. In addition to this number, there are another 12 properties that are currently in the Attorney Review process and another 33 that have gone under contract. What that translates into is that 45 properties have been spoken for since April 1 - that is an excellent number!
South Orange: There are 119 Active properties on the market. 12 properties are in Attorney Review and 21 additional are under contract. This adds up to a total of ฝากขายอาคารพาณิชย์ 33 properties that have gone since April 1.
Millburn/Short Hills: There are 134 Active and available properties on the market. 12 are in Attorney Review and 27 are under contract. Total properties spoken for since April 1: 39 properties.
Montclair: There are 204 Active and available properties on the market. 16 additional properties are in Attorney Review and 32 more are under contract. Total properties spoken for since April 1: 48 properties!
West Orange: There are 416 Active properties on the market. 19 are in Attorney Review and 43 properties are under contract. This adds up to a total of 62 properties since April 1 - also an excellent number.
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