Basking Ridge Market Absorption

Basking Ridge is sitting at less than 4 months of inventory!  That’s incredible.  There are 195 active listings, there were 53 contract sales in the last 30 days.  That’s 3.66 months.

I listed two townhouses in the last five days – between the two of them we reviewed eight offers.  I am telling you, if you own a three bedroom townhouse in the Hills and are even thinking about selling, you might want to do it NOW.  Interest rates are incredible, inventory is low.  It’s a great time to sell – and a great time to buy!

This week’s sneak peek – though I don’t have photos:  A beautiful four bedroom colonial in Price Edward Point.  Updated kitchen, finished basement, lovely sitting room in the master bedroom.  Photos are scheduled for next Tuesday, we should hit the market before the weekend…..

Enjoy the holiday weekend!

 

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Jennifer Blanchard

Jennifer Blanchard is a Top Producing real estate agent in Basking Ridge with over 20 years of experience. She would love the opportunity to discuss any real estate questions you have.

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