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.
Click on chart to see complete graph series and report.
Richard
REMAX Real Estate Associates-Richard Stabile- Realtor-Builder-Developer
201 573 8811 ext 331 Northern New Jersey's Number 1 new home seller !
Buying or Selling in today's challenging markets, go with the experience and knowledge. Talk to me, you will know your making the right choice. 30 years - over 1000 sales!
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Richard - All the signs are there of a rebound ! It was just a matter of time. And I do recall a guru named Richard that was calling for the turn ! We are jamming right now in Philly. We hope it continues !
Hi Richard - Good to hear there has been an improvement in your market. Lets hope it is not just a blip.
Looks like a nice upward trend beginning to show in your market. Love your graph (I am such a sucker for pictures!)
Richard, One thing you can say from your graph is the market hit bottom. Lets hope the graph continues up...