Market Absorption in Morris Plains

The market absorption rate in Morris Plains Stands at 3 Months.  Right now including properties in Foxwoods the the inventory of Morris Plains Homes for Sale stand at 28.  

Many of sellers make the mistake of thinking that the right time to sell a home is in the Spring.  The reality is anytime is a good time to sell a house but right now is a particularly good time.  There are a couple of good reasons to put your home on the Market today.  1 is the home buyers credit that is available to home buyers today.  This credit may not be available after April 30th next year.  2 Interest rates continue to be low.  This can not last for ever.  3 everyone else thinks that the Spring is the best time to sell a house but buyers are outlooking all the time.  They are looking for that perfect home they may be passive or active searchers  but they never stop.  Also every on else thinks the spring is the best time to sell, so there is not a lot of competition out there for your home. In reality the weather is just better. The perfect example is that there are only 28 Morris Plains Homes for sale  today.   So right now you have the tax credit low interest rates  plenty of buyers and no sellers.  Supply and Demand baby 101 low supply and high demand mean higher prices.  

Buyers and sellers should not get caught up in the same old real estate cliche’s.  A good real estate  agent is already thinking way ahead and out of the box.  Buyers and sellers should as well. 

 Get ready my loyal readers I am going to add a section for home buyers that are looking for a home from a For Sale by Owner.  These listings will high light listings in the tri town area that are For Sale by Owners.  before I post any home on my web site I will guarantee that I have previewed it.

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