Now is a great time to sell. Sparta Township has the highest number of sold homes countywide; we are experiencing multiple offers, higher sale prices and interest rates are historically low; all the makings of a Seller’s market. Per Freddie Mac, 2016 is slated to be the best year in real estate since 2006. Sellers are seeing the highest price gains in years; first quarter home sales reports are seeing an average gain of 17%.
The real estate market has been a little challenging for the last few years, as a real estate professional, I’m thrilled to report a positive outlook for those who are thinking about selling. In a recent New Jersey REALTORS® news release “according to marketing analysts, New Jersey is in the midst of one of the healthiest housing markets in the past 15 years. And the numbers support that anecdotal generalization with single-family closed sales up 13.7 percent to 5,932.” That is great news for New Jersey home-owners!