Archive for March, 2012

Market Improvement

Real Estate conditions are improving!

Absorption rates are a common measure of how fast homes are selling.  Here, for example, the absorption rate for South Orange has dropped from 8 or 9 to 4.7.  This means at the rate that homes are selling now (20 in the last 30 days), it would take 4.7 months for all the listings available (94) to sell.  If these rates begin to stay under 5 we will gradually be moving from a buyer’s market toward a seller’s market.


Great Music and Comedy at Local Venues

It looks like I’ll be going to see some good music this spring.  Visit SOPAC AND WELLMONT’s websites for dates and more artists:
SOPAC in South Orange
Suzanne Vega, Les Nubians, Matthew Sweet and Chris Hillman
THE WELLMONT in Montclair
Willie Nelson, Regina Spektor, Levon Helm, Alison Krauss with Jerry Douglas and Aziz Ansari