The news often is generalizing which doesn't give a fair assessment of locales. Where we are in Morris County most towns are only down a couple of percent. Some are even with last year. Another important factor to consider is that there is not a lot of opportunity for new homes in north central NJ. The highlands legislation coupled with land shortages means less risk of an over abundance of supply. We are seeing more unit volume in sales this year to last. So while some sellers are overpriced, homes are selling.
As an investor and Broker, I always think it is a good time to buy. The guidance of a knowledgable Realtor will always mean you make the right choice.low interest rates mean incredible opportunities right now. Growing up in North Central NJ, I know it well and would be happy to help with any additional questions. My email is firstname.lastname@example.org. Good Luck.
Feel free to contact me for more information.
Mid Jersey Inspections
NJ Home Inspection Lic. #076900
Actually, its the buyers are waiting it out . . . most sellers are more than ready.
There is no easy way to answer the remainder of your question. Feel free to give me a call. I will be happy to speak with you in depth. 732.606.2931 or see my website below.
I'm in Monmouth / Ocean County . . . . I won't be sales pitching you, I just luv to talk about this subject.