I feel that it's still a buyer's market due to low interest rates...but for sellers, homes are selling, only if it's priced right and put on the market in tip top shape.... if you need to know more, feel free to contact me...856.981.1617 those are the 2 most important ingredients...
You should gather from the information provided that we are presently in a changing market. Even though there are areas that have passed from a buyer's to a seller's market, there are still some locations in which the market still favors he buyer.
With this said, a meeting with a local real estate professional should provide you with the specifics you require in order to be informed about your target location.
It is a great time for everyone involved...then again it depends when you got in to your last home and what you paid for it. Generally, prices are going higher due to low inventory and interest rates are remaining low. This is a win-win...a few years ago we were in a strong buyer's market, but the scales are beginning to balance and tip!
The market is moving slowly away from a buyer's market. Currently there is about 13 months worth of homes on the market in Winslow & Gloucester Townships. This is a drop from about 16 months worth of homes just a couple of months ago. The way the trend is moving and the way the media is jumping on the statistics, the number of available homes will start be decline drastically.
Still a buyers market in some ways, but not for long. Home prices are on the rise which is good for sellers. Interest rates are still low which is good for buyers. Both have advantages just in different ways.
If you are handy and don't mind a fixer upper, than you can have your pick in some areas. However, if you are selling and have a beautiful, clean, updated, competitvely priced home, you will have multiple offers.