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News for Holmdel, NJ - Wednesday March 24th, 2010 10:51am
The Holmdel Real Estate market is in a state of transition. Currently, because the inventory in the $900,000 to $1,500,000 price range is so limited, if the home is priced well, there are usually 2 or more contracts submitted as soon as the home appears on the market. The prognosis is excellent for the Holmdel real estate market, with many more Buyers looking to relocate into this very popular townswhip. Don't miss out on the all time low mortgage rates to purchase your next home in lovely Holmdel township.

News for Holmdel, NJ - Monday March 15th, 2010 3:45pm
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat

News for Holmdel, NJ - Monday March 15th, 2010 3:42pm
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat!

News for Holmdel, NJ - Friday October 16th, 2009 9:14am
Now is the time to purchase your dream home, with interest rates and prices at the lowest level in many, many years. The real estate market has started to increase with the sales of first time home buyers as well as the executive level homes. Don't miss the boat!
National Market Conditions
2017 3rd Quarter Market Report: Home Sales and Prices Hit a Wall

The 3rd quarter of 2017 ended with not much of a change from the 2nd quarter. Home sales are down slightly and home prices continue to rise with median home prices up 4.2% year over year, but down from the second quarter's 6.2% increase. The primary reason for the slow-down in sales is the limited number of homes for sale, higher prices and less buyers being able to afford to buy a home.

The most notable change in the 2nd quarter was a shift in the amount of buyer activity declining 16% from last quarter. Additionally we found a significant change in the amount of price appreciation. Although 91% of the markets reported price appreciation there was an 11% shift from those markets reporting 5-10% appreciation and over 10% appreciation to those markets reporting under 5% appreciation.

According the National association of Realtors (NAR) existing home prices were up 4.2% over last year; the inventory of unsold homes is at a 4.2 month supply and 48% of all homes were sold in under one month. Still home sales dropped overall due to the low inventory of homes for sale.

The data in this report is generated primarily from our survey of HouseHunt.com and MoveUp.com exclusive member real estate agents across the United States. This grass roots approach to studying the housing market gives us a thorough look at where the real estate market is through the eyes and perspective of the local real estate agents who are living and working in the trenches of each community.

Buyer and Seller Activity
The trend in buyer activity is significantly higher than seller activity, however there was a definite downward trend in the number of markets continuing to show increasing buyer activity in the 3rd quarter. Our Realtors reported increasing buyer activity in 73% of the markets - down 16% from last quarter, but up 7% compared to last year. Seller activity was increasing in 49% of the markets in the 3rd quarter which was no change from the 2nd quarter, but up 9% over last year.

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Spring 2018 Market Update
If you can qualify, now is an exceptional time to buy a home in Holmdel and take advantage currently of the lower asking prices currently available. Low rates with slightly falling home prices makes a home purchase a great value! Call now for more information at 732-995-5217
Average Sold Home Price: $800,000

Average Time on Market: 30-60 days

Best Selling Price Range: $700,000 - $749,000

Existing Home Prices for the past 90 days: Increasing

Market Trend: Decreasing

Buyer's or Seller's Market: More buyers than sellers

Buyer Activity for the past 90 days: Increasing

Seller Activity for the past 90 days: Decreasing

Multiple Offers? Yes

Multiple Offers Commentary: If a home is priced well in Holmdel and additionally is updated, specifically Kitchen and Baths, there may be multiple offers being presented.

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales? 5-10%

Is Financing Available For Qualified Buyers? Yes

Housing Inventory: Limited Supply

Greatest Activity: Repeat Buyers

Best reason to buy or sell: slightly elevated prices, but unbelievable low interest rates with a fair selection creates a perfect time to buy in Holmdel!

Nearest Metro Area: New York City

Housing Hot Spots: Buyer activity and multiple offers on homes that are priced well are confirming it is definitly a HOT SPOT in Monmouth County currently.

Contact Information
Brenda G Schofield
732-995-5217
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Mortgage Rates for Apr 25th, 2018
30 year fixed rate: 4.58%
15 year fixed rate: 4.02%
30 year jumbo rate: 4.03%
15 year jumbo rate: 4.51%
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Real Estate Professional, Brenda G Schofield Brenda G Schofield
C21 Mack-Morris Iris Lurie, Inc.
Specializing in Holmdel Real Estate
47 Route 9 South
Marlboro, New Jersey 7751
732-995-5217
Email Me | Receive New Listings by Email
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(Because current market conditions can change rapidly in any given marketplace,
please check with Brenda G Schofield for current Holmdel, NJ market conditions before acting on this information.)
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