Brielle Market Update - February 2023

If you’re thinking about selling your home (or even if you're not), it's important to have a good understanding of what’s going on in the Brielle market.

 

Knowing the most important data such as the average sales price, number of homes sold, and days on market will better prepare you to sell your home, or simply to stay informed about your neighborhood.

 

At the moment, inventory remains low, and we are seeing some price reductions, which we were not seeing a few months ago. There are a number of homes in town that have had one or more price reductions, and also, we are seeing lots of home open signs - and yet some of these homes remain on the market. Other homes, when properly priced and marketed, have sold rather quickly. Overall, the average days on market is up from 30 to 87. If you are thinking of selling this spring, now could be a good time to list while there is less competition, and some listings are becoming "stale."

 

Our market report showcases everything you need to know about local real estate trends. All statistics are for the month just completed, per the MLS as of 2/8/23.

 

NOTE: If a ↑ or a ↓ accompanies a statistic, that is the direction of the trend from the previous month's number - up or down.

 

If you have any questions, please reach out!

 

Have a good rest of the winter, and stay warm! Spring is just around the corner. :-)