Market Conditions in Monmouth and Ocean Counties
Monmouth and Ocean Counties are known for their appealing communities, excellent school districts, and beautiful coastal areas. These factors contribute to a steady demand for homes throughout the year. However, fall can be particularly advantageous as buyers look to finalize purchases before the winter months.
Seasoned real estate agents often get asked whether fall is a good time to sell a home, especially here in New Jersey, including Monmouth and Ocean Counties. The answer is a resounding yes! Selling a home in the fall can offer several unique advantages that you might not find during other seasons.
Current Market Stats for New Jersey
■ New Listings: There was a significant increase in new listings, climbing by 13.2% year-over-year to 7,368 in April 2024. The pivot suggests that homeowners are more motivated to sell. Year-to-date, the listings increased 1.6%, indicating an additional supply of new properties entering the market.
■ Pending and Closed Sales: Pending sales increased 8.3% in April, with 5,428 homes going under contract. This reflects a sustained buyer interest and a competitive market. Closed sales increased by 2.6% in April but have fallen by 7.3% on a year-to-date basis, which could reflect the closing delays.
Why Fall is an Excellent Time to Sell Your Home
- Less Competition: The real estate market tends to be less saturated in the fall compared to the bustling spring and summer seasons. With fewer homes on the market, properties have a better chance to attract the attention of serious buyers.
- Motivated Buyers: Buyers who have been shut out of the previous markets may find a less frenetic buying climate. Buyers are more serious and motivated to buy due to job relocations, family changes, or simply want to be settled in their new home before the holiday season. This can lead to quicker and smoother transactions.
- Seasonal Curb Appeal: Fall brings a beauty that enhances the curb appeal of a home. The autumn colors of changing leaves and a well-kept yard can make a property look more inviting and create a great first impression.
If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.
Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single-family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.
Connect with Ralph on LinkedIn: https://www.linkedin.com/in/ralphaponte/