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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
2018 1st Quarter Market Report: Home Sales Steady - Prices Continue to Rise

The 1st quarter of 2018 ended on a good note with March existing home sales only down slightly over last year, and with 2018 home sales expected to exceed 2017 excellent year. Home Prices in 2018 continue to rise, increasing 5.8% over the end of March last year.

The most notable change in the 1st quarter was an increase in seller activity. Our survey showed that in 46% of the markets surveyed there were still more buyers than sellers, but a decrease of 27% from March 2017. Additionally, 17% of our markets surveyed showed more seller activity than buyer activity, an increase of 8% over last year. The remaining 37% of the markets showed an equal amount of buyer and seller activity which was an increase of 19% over last year. The increased activity, however did not ease the tight inventory 73% of our markets showing a very tight supply of homes available for sale. Home prices are also on the rise with 86% of markets showing price appreciation in the last year.

According the National association of Realtors (NAR) existing home sales in March were down 1.2% over last year, but annual sales are expected to hit 5.6 million units compared to 5.1 million in 2017; inventory of unsold homes is at a 3.6 month supply and 46% of all homes sold in under one month.

The data in this report is generated primarily from our survey of HouseHunt.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 both buyer and seller activity is up significantly in the 1st quarter of 2018 compared to the buyer and seller activity from last year. Buyer activity is steady or increasing in 94% of the markets surveyed and decreased in only 6% of the markets surveyed indicating a significant 8% increase in activity from Spring 2017. Simultaneously the trend for seller activity posted a solid 10% gain in the 1st quarter of 2018 with 85% of the markets indicating steady or increased seller activity compared to 75% of the markets at this time in 2017. Despite increased seller activity there are still more buyers than sellers and homes are selling quickly. In fact, according to NAR inventories have decreased to 3.6 month supply compared to 3.8 months in March of 2017. A balanced "normal market" is considered to be a 6 month supply of homes for sale.

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Fall 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 Dec 10th, 2018
30 year fixed rate: 4.51%
15 year fixed rate: 3.90%
30 year jumbo rate: 4.41%
15 year jumbo rate: 4.12%
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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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