Woodcliff lake New Jersey real estate sales for May 2009, shows the best sales volume since October 2008. The market shows signs of firming at lower prices. Lower prices, pent up demand, low interest rates and renewed credit availability have help bring in buyers to the market. With 8 pending sales and 51 active listings at the end of May, leaves a 6.3 months of inventory. With 6 Homes sold in May compared to 2 in April, along with 8 pending sales, the market could show increases in volume in 2009.
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REMAX Real Estate Associates-Richard Stabile- Realtor-Builder-Developer
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