November Housing Data Indicates Seller Confidence Increasing

Posted by Tarvin Realtors on Thursday, December 19th, 2013 at 6:40am.

The November data from the New Jersey Association of REALTORS® monthly housing market reports indicates a good holiday season ahead in the real estate market. Pending sales were up more than 25 percent from last November, which indicates we'll see more closed sales in the upcoming months. New listings also saw a big gain over last November – more than 27 percent -- which shows seller confidence is increasing. The median sales price had a modest increase at just under 2 percent over last November, which is a good sign of steady recovery.

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