The Millburn / Short Hills real estate market starts off the spring very strong. The first quarter 2016 results reveal:
Source – Garden State Multiple Listing Service
Houses listed for less money in the first quarter of 2016 compared to the same period the year prior, but sale price were significantly higher. This means that the available inventory is low and the buyers are organically driving the market up. This is the best way for a real estate market to improve. If you try to list high, in anticipation of a strong market, research shows that the sale price of your home will end up lower than if you had listed it lower to start and let the buyers bid it up.
Here are some examples of homes that sold in first quarter 2016 in Millburn / Short Hills