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Real Estate Market Update – August 2018

Do you know what’s going on in today’s real estate market?

It is important for your Area real estate Specialist to keep you up to date with what is happening in the market. Here is a quick snapshot looking at what is going on in the New Jersey communities we serve:

Low housing inventory cannot keep up with the high buyer demand. As a result, we are seeing an increase in home values.

Interest rates are climbing, but are still favorable for buyers.

The statistics below show the increase in AVERAGE SOLD home prices from 2017 to 2018 (Jan-Jul) for some neighborhoods within our service area.

Collingswood – 14.2% INCREASE
Haddon Township – 19.3% INCREASE
Haddonfield – 7.1% INCREASE
Oaklyn – 11.5% INCREASE
Audubon – 14.26% INCREASE

For a detailed report on your home, contact Main Street Realty today!

Market Report 2018