| Email not displaying correctly? View it in your browser. | ||||||
 |
||||||
|
MESSAGE FROM LESLIE
A NOTE OF CAUTION
I had a very busy May, with seven single-family homes under contract, two of which were over the one million dollar barrier, a rare occurrence this year. So I was surprised to see the overall May number of only sixteen contracts, two less than a year ago. You will recall that for most of this year the market has been a good bit stronger than in 2009. My own experience is that inquiries remain strong. Still, the demand for higher priced homes (over one million) which normally starts about now has not yet appeared. Last year there were seven such contracts in May but only two this year. The condo/townhome market, however, continues strong. There were sixteen contracts in May, double those of a year earlier. Furthermore, last year there were only two properties where the asking price of new contracts exceeded $500,000. This May there were six. Overall, the market is still healthy but sellers should be cautious in their expectations at the moment. Hopefully, June will see a return to previous trends in the single-family market. *Source Bethany/Fenwick area of Sussex County MLS
|
|
||||||||||||||||||||||||||||||||||||||
home | leslie's listings | area info | blog | meet the group | contact | all listings
The Leslie Kopp Group | Long & Foster Real Estate, Inc. |
|||||||||||||||||||||||||||||||||||||||
