Saturday, August 4, 2012

Shrinking Supply of homes. If you are in the market to buy a home, it is wise NOT to wait.

Shrinking supply of homes for sale has upended market dynamics.  Call your trusted REALTOR today.  We are available at Century 21 Crest Real Estate in Pompton Plains, NJ for a FREE  Buyer consultation.  In a Morris County composite courtesy of Otteau Valuations (, the trend indicates a shrinking inventory and increase of contracts.  In January of 2012, the "months supply" (absorption rate ) was 10.8 and at the end of June was 6.9.  While it is still a "Buyers Market", the Supply & Demand ratio is changing quickly.

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