Midtown Direct Real Estate News

The Morristown New Jersey Real Estate currently has 123 homes activly for sale and listed in the mls.  This is a fair number for this time of the year.  Considering the financial crisis and the fair number of home buyers who have thus far been scared off buy all the doom and gloom news out there, there are some great deals to be had.

Some Morristown NJ home sellers just need to sell, and some Morristown NJ home sellers are also going to also be home buyers and know that whatever discount they have to give to sell their current home, they will make up for in the home the purchase.  So I repeat, there are some excellent deals in Morristown NJ Real Estate.

Current Morristown NJ Real Estate Statistics:

123 Morristown New Jersey Homes For Sale

$512,480 is the average price of a Morristown New Jersey Home For Sale

$400,000 is the median price of a Morristown New Jersey Home For Sale

137.5 is the average days for sale for Morristown NJ Homes

101 is the median days for sale for Morristown NJ Homes

We are nearing the end of the second full year of the New Jersey Real Estate downturn which actually started in the summer or fall of 2006.  Once the turbulence and fear start to lift which are associated with the financial crisis the market for Morristown NJ properties will begin to steadily improve.  That does not mean that we will see a great deal of price appreciation, probably mild appreaciation at best, but it will mean that the best properties will likely be snapped up rather quickly.

To read more about the Morristown NJ Real Estate visit the nj-realestate-agent.com blog.

To see the current sold statistics of Morristown NJ home sales visit the jboyerhomes.com/nj-real-estate-blog  

Thanks,

James Boyer
Morristown REALTOR
RE/MAX Properties Unlimited
973-539-6300 Office
973-647-0253 Direct