The first half 2013 home sales results are in and there’s great news- home prices are up in South Orange. More specifically, they are up by 7%. It’s not a huge gain- but a more moderate and therefor more sustainable growth.
Getting a 7% return on your money right now- while interest rates are still low- is not an easy thing to do. This type of return will encourage more investors, new construction and buyers to come into the market and hopefully drive prices up even more.
Home Prices are Up in South Orange
This gain is a great market indicator, but be cautious on how you use it. Prices are still lower than the peak in 2006. Call me or text me if you want any additional information about how these facts affect you (917) 327-0701.