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Buying • August 2, 2023

The Market Has Crashed (Just not the way you want it to)

by Timothy Tyler

Buyers! You’ve been asking me for several years now: “when will the market crash?” Well, I have a new answer for you: “It has already!” Yes, prices are still high. Yes, there are still bidding wars on well-priced homes. The crash isn’t in prices, it’s in inventory. Watch this 3 minute video to see what’s going on, and what steps you need to take to find a home in this market.

*Numbers based on Garden State MLS, month by month Active Listings and Median List Price for Maplewood, South Orange, West Orange, Millburn, Summit, Chatham Boro, Madison, Morris Township and Morristown.

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