Homes For Sale In Low Supply

Homes For Sale In Low Supply

As Spring buying season starts, prices likely to keep rising,

The supply of homes for sale is still unusually tight as the Spring buying season opens, turning up the heat on already rising prices.

The number of homes listed for sale on Real Estate website Zillow, was down almost 17% in late February vs. a year earlier. The inventories are especially tight in such local towns as Randolph, Morristown, Chatham and Madison.

The supply crunch is likely to last all year, says IHS Global Insight economist Patrick Newport. "We're not building enough homes"

Andy Walker Headshot
Phone: 201-424-8628
Dated: March 12th 2013
Views: 987
About Andy: Having lived in New Jersey for over 20 years, I have been a top producing Realtor and member of the ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

2018 Top 10 Hottest Zip Codes -®'s 2018 Top 10
MENDHAM FOOD TRUCK FESTIVAL - Food Truck & Music Festival in
The Mortgage Deduction Impact On Real Estate - The good news is that people will

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Keller Williams Realty Metropolitan
55 Madison Avenue
Morristown, NJ