Hi Keith, I'd be happy to talk with you about the Basking Ridge market - I know it well. Basking Ridge is a strong market and signs are good for a solid Spring.
Basking Ridge has been and remains in high demand. The biggest issue has been a shortage of inventory which began in 2013. Though demand was down statewide starting September, I think part of it was buyer exhaustion and frustration with lack of new offerings. With new inventory coming on, the market is excited and nice listings that are properly priced are moving.
Here is a screen shot of the December market summary for Basking Ridge - you'll see a market absorption rate in of 2.4 months - which is very low and solidly in the "seller market" zone.