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Real Estate inventory has been increasing in Basking Ridge. There are 186 properties for sale including condos, town houses and single family homes in town. Absorption rate is at 4.2 months, indicating a balanced real estate market. Of course, absorption rate varies, depending on a price point and there are properties under contract in town that are not marked as such on GSMLS, therefore increasing absorption rate. There was a great deal of real estate activity in Basking Ridge last week… 18 new properties came on the market, 7 went under contract and 6 homes closed last week. I will be happy to share my knowledge on Basking Ridge real estate market analytics for a specific price range important to you. Please contact me here

Inventory increased to 179 properties for sale including condos, town houses and single family homes in Basking Ridge. Absorption rate decreased slightly to 6.9 months since last week, indicating still a buyers real estate market. Of course,  absorption rate varies, depending on a price range and there are properties under contract in town that are not marked as such on GSMLS, therefore increasing absorption rate. There was a good deal of real estate activity in Basking Ridge last week… 12 new properties came on the market, 4 went under contract and 1 home sold last week. I will be happy to share my knowledge on market analytics for a specific price range important to you. Please contact me here

Rates on 30-year mortgages continue to fall and are now at the lowest point in five decades, according to Freddie Mac. Coupled with attractive prices, these incredibly low rates make buying a home more affordable now than at almost any point in history.

This is fantastic news for homebuyers and sellers. Buyers can take advantage of high home affordability and save tens of thousands of dollars over the lifespan of a 30-year loan by locking in at these never-before-seen rates.

If you are selling your home, you will probably see increased foot traffic as more buyers go house hunting. Be sure to have your real estate agent display information about home affordability to show potential buyers how low the monthly cost of ownership is at this point in time.

Please call Alma Aguayo at 908-672-2222 for more information about how these all-time low rates can help you reach your real estate goals. You can also register to attend a seminar on Saturday, July 17, at 22 East Henry Street, Basking Ridge, NJ to learn more about today’s affordable market. Please contact Alma for details at Alma@AlmaSellsHomes.com or call 908-672-2222.