The following charts gives statistics of what is happening in the Mid-Atlantic Region regarding to real estate. These factors are considered projecting and estimating current price a property will sell for. How many listings, How many listing pending closings. How many listing are active, how many days the average listing is on the market are just a few of the numbers presented.
w Jersey, Pennsylvania, Delaware, Maryland, Washington, D.C., Virginia, and West Virginia. When discussing climate, Connecticut is sometimes included in the region, since its climate is closer to that of the Middle Atlantic states than the rest of the New England states." .wikipedia.org
Days on the market are the number of days that a property is list to the day that an offer is accepted. The average of all properties indicate if we label the market a sellers market or a buyers market. Suggesting if you might bid less than asking or greater than asking price. How much can you ask the seller to repair and expect them to agree.
Are the number of houses being listed increasing? Decreasing? This indicates the ratio, how much competition there will be for properties.
This is a reflection of the supply in relation to the demand. This statistic is sugestive if you should, as a buyer request concessions, repairs, or bid less. (or offer a premium)
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Dave Cohen’s Direct Line: 856.974.1891 Century 21 Reilly Realtors Route 73, Berlin, New Jersey
Office 856.767.1776
Dave Cohen’s Direct Line: 856.974.1891 |