Nows the time to move up to a luxury home in New Jersey. If you are need of a larger home because of a growing family. Maybe you are finally ready for a bigger investment for the future. Either way, after exploring some data released by Trulia's Market Mismatch Study, you will see buyers are in the driver seat during real estate transactions of luxury homes.
Fewer people are looking for Luxury homes in New Jersey, Compared to the number of homes for sale in the marketplace. This will keep homes on the market for a longer period of time, usually leading to a price cut of some sort on the home.
In the started home market many home buyers are getting stuck in bidding wars. The high demand for these homes has increased the market. You will see luxury homes lack behind both the starter home market in New Jersey.
The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer which can eventually lead to a price change.
Selling something at the best time in any market means you Sell when demand is high and supply is low. So if you are in a "starter home" now may just be the time to sell and move up to something bigger before the markets catch up. Now's the time to list your home and move up to something new and maybe you might just find that dream home.