A 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 (www.otteau.com), 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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