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Experts predict strong fall housing market

Seabrook realty assistance yields better days on market stats

Created date

July 31st, 2017
Laurie Williamson is Seabrook’s personal  moving consultant.

Laurie Williamson is Seabrook’s personal moving consultant.

The leaves may not be changing colors yet, but the fall market is already starting to kick into high gear. According to an Associated Press analysis, home prices in New Jersey are rising while housing inventory is at a 20-year low. Experts say we’re likely to witness a market nearly as strong as 2005, before the housing bubble burst. 

Statistics from the National Association of Realtors (NAR) say the percentage of days on market (DOM) in Monmouth County fell by 21.2% from April 2016 to April 2017. As of June 2017, the average DOM for Monmouth County was 48.

Perhaps two of the most telling statistics from NAR involve Monmouth County inventory: the inventory of homes for sale was down 21.7% from April 2016 to April 2017, and the months’ supply of inventory was down 31.1% during the same time period. 

“Low inventory encourages buyers to make an offer quickly, meaning sellers in  some markets can expect their house to sell in less than a month with multiple bids,” says Seabrook Personal Moving Consultant Laurie Williamson. 

Lower-than-average DOM

Williamson says the average DOM is even lower for people moving to the Erickson Living community in Tinton Falls—35 compared to the county average of 48. She helps people sell their homes and move to the community so they can exchange home maintenance for active, worry-free living.

“We have had several people sell their homes quickly in 2017. Inventory is down 25% from [last year], making it completely a seller’s market,” Williamson says. “As long as the seller has prepped the property and priced it right, sales are quick.”

As a personal moving consultant, Williamson provides complimentary coordination of all realty and moving needs, including downsizing, home staging, packing, and selection of a real estate professional.

Statistics show that her services, coupled with a preferred real estate agent, tend to decrease the days on market even more for those moving to Seabrook. 

“Customers using our preferred real estate agents had much fewer days on market listings compared to customers who hired their own. Our preferred agents have a familiarity with Seabrook, understand our client and their needs, and price homes correctly,” Williamson says. 

She adds that their agents communicate with the client, other agents, and other Erickson Living communities to offer suggestions for obstacles along the way.

What to expect this fall

According to Williamson, a real estate agent herself, pricing a house correctly is the key to selling quickly and near or above asking price. 

This fall, she expects a strong market.

“2017 will continue to be strong into 2018. The [interest] rates do not seem to be affecting sales thus far,” she says.

Why wait? 

With a strong fall market, interest rates on the rise, and another isolating winter looming ahead, right now is the ideal time to list your house and reserve a home at Seabrook. Say goodbye to raking leaves, shoveling snow, salting icy sidewalks, and staying stuck inside. 

Plus, Seabrook has a growing list of more than 120 interest groups and activities—all accessible via a short walk from community members’ apartment homes, thanks to climate-controlled walkways that connect every building. This is active, year-round retirement living at its finest.

Just think—you too can be in your new maintenance-free apartment home before the first snowfall. Call the Seabrook sales office and ask how you can take advantage of the community’s realty and moving services.