Home prices continue to hit new highs, breaking records never seen before. Home prices continue to rise and bidding wars continue.
Prices, which have been rising since January, were 0.1% higher in May than a year earlier.
Home prices are now gaining again, and the gains are accelerating with each new month.
I remember a day when rates were 13% - 15% for a 30 year fixed rate mortgage. Those buyers don't bat an eye at 6% - 7%. Buyer demand is huge but against very tight supply.
In general supply is declining to the likes I have never seen before. This is helping fuel higher home prices. Comparatively speaking, new listings are down about 25% across the board from a year ago. Total inventory is now half, or in some cases more than half, of what it was just before the pandemic.
I remember a day not to long ago when there were 120 plus listings in lets say Beachwood NJ every day active on the market. Today, there are only 12 active!
Bidding wars are clearly making a huge come back.
If you want to sell your home and want the highest price possible, less hassles, shortest days on the market, coupled with marketing techniques that will enhance the possibility of attracting already pre-approved buyers, you need to contact Glen Kelly Real Estate LLC. Let a marketing specialist take over and explore the possibilities of selling your home the right way.
If you are a buyer caught in this market and desperately seeking to buy a home anywhere in Ocean County and or Monmouth County NJ, now is the time to call us at 732-244-0567. Perhaps you keep getting outbid on homes, you find a home and it's not available anymore, or maybe you suffer for the fatigue of endless daily internet home searches. Let our Perfect Home Finder program work for you. Dedicated home marketing specialists working together, day and night, to try and find you a Perfect Home that fits your criteria, whether on market, not listed, preforeclosures, reo's, etc. No catch, no obligation to buy, it's totally free. Just call Glen Kelly Real Estate LLC at 732-244-0567 and ask to speak to one of our marketing specialists. Shy? No problem. Email us at This email address is being protected from spambots. You need JavaScript enabled to view it..
Glen Kelly, Broker of Record, AHWD, ABR, CRS, SRES, SFR, SRS, RENE
Glen Kelly, New Jersey Registered Professional Nurse (RN)
Glen Kelly, New Jersey Registered Professional Nurse (RN)
Glen Kelly of Glen Kelly Real Estate LLC Talks NJ Real Estate, Charity, Community and Giving Back
Glen Kelly Real Estate LLC
Glen Kelly, Realtors
Licensed in New Jersey, New York & Florida
Office: 732-244-0567
Fax: 877-278-4447
Executive Office: 156 Route 37 East, Toms River, NJ 08753
Lacey Office: 1044 Lacey Road, Suite #3, Forked River, NJ 08731
NJ CIS Form: https://www.njrealtor.com/wp-content/uploads/2014/12/consumer-information-statement1.pdf
Glen Kelly Real Estate LLC intends, as of this time, to work with buyers / sellers as a buyer's / seller's agent and disclosed dual agent if the opportunity arises.
NJ Department of Banking & Insurance: Everything you wanted to know about buying a home - https://www.state.nj.us/dobi/division_consumers/pdf/buyingahome.pdf?fbclid=IwAR2yEN2UT11i0TpNNbkFhHDs51FFlniKlpFLc6BK4V2i83gUGfT9OBeFMcc
Mold Guidelines for New Jersey Residents: https://www.nj.gov/health/ceohs/documents/mold/mold_guidelines.pdf?fbclid=IwAR2E_Pa3JWrjzMsuRCsxvpfGWfljQ5Hq5E97icRWr2hTvIeQ-Pi7gb8cbd8
State of New Jersey Department of Community Affairs: https://www.nj.gov/dca/divisions/codes/publications/pdf_lead/lead_based_paint_guide_rental_dwellings.pdf
