Chatham, Madison, Summit, and Short Hills NJ Real Estate

Market Trends


"I wish I would have bought real estate in 2008" ... these words may sound strange at the moment, but think about it.  Interest rates are still very low!  In the 6% range, plus or minus depending on the week.  Historically, interest rates go up after major elections.  Even a small change in rates, say only to 7% will make a big difference in the COST of a home.

 

Link for 2006 Sales Statistics(pdf file)

 

Link for 2007 Sales Statistics (pdf file)

Patrizia "Trish" Giassa