Let’s take a moment to clear up the noise around the housing market—because what you’re hearing nationally might not reflect what’s actually happening right here in Central Jersey.
National Headlines ≠ Local Reality
Yes, national media is buzzing with stories about a housing downturn, inflation, recession fears, and even comparisons to the 2008 crash. But in our local markets—Somerset, Morris, Union, and Hunterdon Counties—the story is quite different.
And I say this with confidence because I was selling real estate during the 2008 crash. What we’re seeing today isn’t even close to that kind of distress.
What’s Actually Happening in Our Market?
🔸 Inventory is Still Tight
Many homeowners are sitting on ultra-low mortgage rates from previous years, so they’re holding off on selling. This is keeping inventory low across the board.
🔸 Well-Priced Homes Are Still Moving Fast
In popular towns like Harding Township, Basking Ridge, Westfield, Morristown, and Bridgewater, homes are going quickly—especially if they’re priced right and presented well.
🔸 Interest Rates Are Holding Steady
Rates are hovering between 6% and 7%. Sure, that’s higher than in 2021, but still manageable historically. And if you’re waiting for rates to drop… be aware: when they do, home prices may jump. That means it could still cost you more.
🔸 Buyers Are Still Active
Despite economic uncertainty, buyer demand hasn’t disappeared. Life doesn’t pause for politics—families grow, job relocations happen, and people still need to move.
Sellers: It’s Not Just About Sticking a Sign in the Yard
It may seem like homes are flying off the market and that you can easily go the DIY route. But that’s risky.
Even with multiple offers still happening, buyers are more selective than ever. To stand out, your home needs:
✅ Smart pricing
✅ Strong staging and presentation
✅ Strategic marketing
The days of “list it and forget it” are gone. A polished listing with expert guidance makes a major difference.
The Bigger Picture: A Healthy Market
Nationally, inventory is increasing—and we’re starting to see that here too. But let’s be clear: inventory is still below pre-pandemic levels, and more homes sitting on the market longer is actually a sign of normalization, not collapse.
Also, nearly 40% of U.S. homes are owned outright—with no mortgage at all. Homeowner equity is strong, and we’re nowhere near the distressed market conditions of 2008.
Is Now the Right Time to Move?
Here’s the question I want you to ask yourself:
“Will I still be living in this house five years from now?”
If the answer is “probably not,” let’s talk. The right time to make a move could be sooner than you think—and with a clear plan, you’ll be positioned to move smart, not reactively.
📌 Pro Tip: You’re 40x more likely to follow through on a move if you have a real plan versus just wishful thinking.
Let’s Make a Smart Move—Together
Whether you’re buying, selling, or just exploring options, my team and I are here to help you navigate this market with confidence.
Let’s build a strategy that works for your timeline, your goals, and today’s market realities.
📍 I’m Jen Blanchard, Central Jersey Realtor
Berkshire Hathaway Home Services, Fox & Roach Realtors
Serving Somerset, Morris, Union, and Hunterdon Counties
📩 Ready to talk? Contact Me Here
🎥 Watch My Full April Market Update on YouTube:
👉 Click here to watch the video
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