I just spent a few minutes downloading closed sales information for my Bedminster Real Estate website.  It didn’t take very long – there were only TWO sales in Bedminster during the month of January.  Market Absorption in Bedminster is surprisingly high – at the end of last year, it was hovering between 3 and 5 months, during any other economic time period that would have been considered a clear seller’s market!  However, given the nature of today’s economy and recent housing “slump”, even though the inventory numbers were low, buyers still had the advantage.  All month, Bedminster’s market absorption has been climbing – wrapping up at 8 months!  There are currently 72 listings and there were only 9 sales in the last 30 days.  There were 23 new listings this month and I expect that there will be at least that many each month through the end of April.  Hopefully for seller’s buyer activity will pick up – my recommendation if you are planning to buy in Bedminster is to do so NOW.  While there is lots of inventory, and few buyers and while there is still time to qualify for one of the tax credits!

Get ahead of the game, visit my website to learn about homes for sale in Bedminster, NJ: from condos to luxury properties.  I honestly believe that it’s a great time to get a great deal in Bedminster!