Clinton and Western Jersey Real Estate

Discuss the real estate market in Clinton and surrounding areas where I have listed and sold homes for 50 years.

The Market Is Turning

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Much as we had spoken about, the market is drifting lower. When I looked at GSMLS Hotsheets this morning, out of 18 price changes 14 were lowering their price. Also, the listings, in general, are taking slightly longer to go under contract. Then, this morning, I saw that mortgage rates have reached 8%. All this indicates that we are heading for a more normal market. Still a good time to sell and there are still plenty of buyers out there. Having said that I have just listed a second floor 2 bedroom condo in Beaver Brook, a very desirable community of condos and townhouses. If interested, it is 68 Westchester Terrace, Annandale, NJ 08801. The price is $309,900. If interested, please call me, Terry Kilgallen, Broker-Sales Associate, Coldwell Banker Clinton at 908-797-6226.