Our local midtown direct real estate market has been amazing and continues to be, everywhere! Take a look at the market stats for Millburn-Short Hills NJ and the surrounding towns, included in this post, you’ll be surprised to see how quickly homes are selling!
If you are looking to buy a Millburn-Short Hills NJ home, you need to focus as much now as you did in the spring market. As interest rates have been rising and the inventory has slowed down, the competition has been fierce and I’ve seen more multiple offers now than in the last 17 years I’ve been in real estate.
Things to note when viewing these statistics are the prices (of course), but also the days on the market, since that shows you how fast the market is moving for midtown direct real estate. You’ll even see homes that sold in ONE day on these reports!
Other helpful information to view is the number of “active” homes, meaning those you can make an offer on, and the number of “under contract” homes, which already have had offers accepted. All of these factors help you to see an accurate picture of what is really taking place in our real estate market. Call me, Robin Benjamin, to learn more about individual listings or towns – I’d love to help you find your next home!