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Home buyers eye fall market

Real estate heats up as weather cools

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July 31st, 2015
Lantern Hill
Lantern Hill

Real estate professionals throughout New Jersey report a strong real market, and they don’t expect it to ebb soon. According to Jeffrey Otteau, a Central Jersey-based appraiser, home sales were up 19% in April 2015 over April 2014. What’s more, sale prices are up over last year. 

Several factors contribute to the positive market. Pent-up demand, rising rental rates, declining interest rates, consumer optimism, and a stronger economy all play a role. 

While the multiple offers and bidding wars tapered off in May, sellers can expect the market to begin heating up this month and stay strong through November. This is good news for anyone trying to move before winter weather sets in.

Fall market projections

“August is when homeowners start planning for fall. Agents are being interviewed, and houses are being prepared for market. September 1 is the beginning of the fall market, the second strong market of the year,” says

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