Contact Us
Make My Homepage

Jersey Home Sales Shooting Higher

Home prices in the Garden state have been falling for the past eight months…but new data shows an unexpectedly positive trend in the housing market.

home
James Thompson, Flickr

Jeff Otteau, President of the Otteau Valuation Group, says new data shows housing demand in the Garden state exploded off the chart at the beginning of this year

“In January purchase contracts to buy a home in New Jersey rose by 31 percent compared to the prior January in 2011” he says, “the change is dramatic.”

Otteau adds we’ve still got a long way to go to get back to where we were before the recession began in 2008, but the numbers suggest “the housing market has now transitioned into the recovery phase that we’ve all been waiting for.”

He also points out available housing inventory is expected to rise this year – which could hold prices down – due to increased foreclosure actions coupled with previously discouraged sellers reentering the market.

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://nj1015.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on New Jersey 101.5 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!