I hope you all had a very Merry Christmas.

Batten down the hatches.  Acording to Accuweather Northern New Jersey as well as most of the country will be suffering below normal temperatures in the very near future.   The below normal temps will be around for at least 2 weeks.  Heating oil prices for January delivery have already jumped higher.  Prices on the New York Mercantile have Heating Oil prices at 2.07 a gallon.  If you use heating oil to heat your home and you are not buying on a pricing plan you may want to buy a few extra gallons to tie you over until the cold snap ends.  Prices for spot heating oil have already started to rise in the anticipation of higher demand.  If you are sitting with a full tank you are in good shape.  If you can wait until the end of January and early February to take another delivery try and do so.  Prices will begin to fall as the suppliers will want to sell as much of their inventory as possible.  These businessmen do not want to be holding any high priced inventory through the spring and summer.

There is still a shortage of mid priced homes in Morris Plains NJ.  The number homes for sale at the end of the year stands at 24 and there are 2 homes that are in attorney review.  Last year 53 homes where sold in Morris Plains NJ at a list to sale price ratio of around 97 percent and where on the market for an average of 56 days.  This year we have had 62 homes sell at a 95 percent list to sale price.  They averaged 60.5 days on the market. 

Thanks for Reading Morris Plains Homes NJ

Regards Bob Sittmann