Q: Where’s Our Market Heading?
For today’s market update we’ll be focusing on the numbers from Morris County, which give you an idea of the market pulse for the northwest suburbs of New Jersey. One of the chief takeaways is the 60% year-over-year increase in new sales for July; that’s probably the biggest number I’ve seen in many years, and it testifies to the strong demand in our market. We saw a sizable increase in supply that month too, but the net effect is still a positive sign moving forward as demand outpaces supply. To learn more about where our market may be heading, watch our latest video.
Learn more: www.dougtucker.com/blog/2020/8/25/q-wheres-our-market-heading