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Latest Market Statistics by Town

Number of Homes for Sale by Month

 SUMMIT  2008  2007
 JAN   172  135
 FEB   168  154 
 MAR  171  154 
 APR  183   169
 MAY   198  189
 JUN  195  183
 JUL    169
 AUG     148
 SEP    183
 OCT     187
 NOV    170
 DEC               133


    


















Number of Homes for Sale
 MILLBURN/SHORTHILLS     2008  2007
 JAN   126  161
 FEB   138  157 
 MAR  157  174 
 APR  168   170
 MAY   169  178
 JUN  159  175
 JUL    147
 AUG     136
 SEP    153
 OCT     156
 NOV    133
 DEC                                          114
                       
                   

















Number of Homes for Sale

 LIVINGSTON                         

 2008  2007
 JAN   176  170
 FEB   189  173 
 MAR  181  169 
 APR  205   192
 MAY   203  218
 JUN  202  229
 JUL    204
 AUG     185
 SEP    197
 OCT     188
 NOV    172
 DEC                          152




















Number of Homes for Sale

 CHATHAM  BORO                

 2008  2007
 JAN   45  56
 FEB   58  63 
 MAR  61  62
 APR  69   61
 MAY   80  77
 JUN  76  66
 JUL    54
 AUG     46
 SEP    46
 OCT     49
 NOV    51
 DEC                    44




















Number of Homes for Sale

 CHATHAM TOWNSHIP       

 2008  2007
 JAN   91  116
 FEB   98  104 
 MAR  101  116 
 APR  111   114
 MAY   121  110
 JUN  119  107
 JUL    101
 AUG     92
 SEP    108
 OCT     109
 NOV    93
 DEC                          77




















Number of Homes for Sale

 MADISON                              

 2008  2007
 JAN   77  80
 FEB   89  81 
 MAR  85  98 
 APR  94   109
 MAY   93  120
 JUN  93  114
 JUL    110
 AUG     102
 SEP    104
 OCT     100
 NOV    82
 DEC                          72



















Note: All figures courtesy Garden State Multiple Listing System.

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Real Estate Tips
Closing or Settlement >Real Estate Repairs

In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.

Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.

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Real Estate Trivia
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What was a sure way to accumulate wealth through the 1970s and early 1980s?

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Many people made their fortunes in real estate during this period.
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Roni Chasin, REALTOR®, real estate agent and broker for Short Hills, Livingston and Millburn New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Roni Chasin
Keller Williams Realty

488 Springfield Avenue
Summit, NJ 07901
Phone #: 973-202-2591
Fax #: 908-273-2996
Email: Roni@ChasinHomes.com

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