11/07/2009 – 11/13/2009
Only 2 properties went under contract this past week in Basking Ridge.
There are an additional 10 properties that are working through attorney review which means they have accepted offers and lawyers are working through the contract details. I think it is interesting that although there were NINE properties in attorney review this time last week – that only two have made it to contract. I wonder why attorney review is taking so long on some properties.
Please contact me if you would like more information about any of these Basking Ridge homes or visit my Basking Ridge real estate site for more information on what has sold by month over the past year.
As of this morning there a total of 164 listings showing active in Basking Ridge in the MLS. With 23 going under contract in the last 30 days, Basking Ridge market absorption is 7 months. A normal fluctuation.
Visit my Basking Ridge website to search homes for sale in Basking Ridge and surrounding areas.
If you are thinking of moving, I can provide a free market analysis of your home’s value in today’s market.
