North Jersey Real Estate Today- May 2023

What's the latest in today's real estate market?

I am a firm believer that real estate is everyone's business. The real estate market affects all of us. Whether you're a buyer, a seller, or not, it's crucial that you stay up to date with the latest real estate news and trends. Here's what's happening:

Waiting to buy may result in missed opportunities in today's market. Despite market fluctuations, it's essential to weigh the benefits of being a homeowner against the risks of waiting and potentially missing out on your dream home.

If you're a homeowner thinking about selling, it's important to note that pricing a home correctly is crucial not only in a volatile or slow market but also in a hot seller's market. In fact, it's even more critical in a market where properties are selling quickly, as it may be tempting to list a home for a higher price than it's worth. However, setting the price too high can lead to the property sitting on the market for too long and ultimately selling for less than its true value. Thus, pricing a home appropriately is crucial in any market condition, even in today's market.

Remember: the listing price and the selling price are not one and the same. Watch my latest video to learn more about the current state of our local real estate market and hear all about my tale of two sellers :)

If you're a buyer or a seller with more questions about today's housing market or if you need guidance on how to proceed with your move, message me, and let's connect. I'm always happy to help.

Speaking of home prices, did you catch my last video about Zillow and the Zestimate? You can watch it right here.