What Drives Hudson County Real Estate

What Drives Hudson County Real Estate

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We’re in the midst of financial bonus season and heading into springtime. We’re noticing a few interesting factors happening in the real estate market that we’ll discuss today!

Although the market is strong and statistically it looks great right now, the “buyer pack mentality” isn’t coming as usual, compared to previous spring markets. We are experiencing multiple offer situations and bidding wars, but they’re becoming less common compared to last year.

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Currently, the average list price versus sales price is within 1% of each other. That’s great news. From a strategic standpoint, if we price a home aggressively, the seller will likely earn close (if not the full amount of) their initial asking price.

Additionally, you should check out this Investopedia story for more key factors that drive the housing market. If you’re interested in learning more about this topic or anything else related to real estate, you can reach me by phone or email. I’d be happy to answer your questions!



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Phone: 201-232-3381
Dated: March 9th 2016
Views: 705
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