There has been some decent activity in Bedminster over the last ten days. There were 13 new listings and four contract sales, and the following properties closed:

17 Cedar Court, listed at $268,500, closed for $250,000
138 Autumn Ridge Road, listed at $652,000 closed for $640,000

There are 79 properties available in Bedminster, four of them are working through attorney review.  Market absorption is 6 months.   I have seen such a huge increase in market activity over the last few weeks – if you are considering a move, it might be the best time to put your home on the market.  Interest rates are supposed to go up at the end of March, possibly by a point or more and the tax credit is only available through the end of April. While you might not qualify for the credit, your potential buyer might.  If you can try to leverage this window of opportunity!

Contact me for more information on the market in general or any of these properties in particular.

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