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June 2009, Atlantic County, Atlantic City Area, Real Estate Market Report

Atlantic County, NJ June 2009 Real Estate Market Statistics
Here is an updated market report as of June 2009. Home saled increased in May which is normal for the spring season.

Home prices continued to drop last month. We thought that we may see a slight increase in home prices for home priced under $200,000 but new forclosure activity is contunuing the downward slide in prices.

This market provedes a great opportunity particularly for first time home buyers. First time home buyers can take advantage of dropping prices, lower interest rates, the $8,000 tax credit and 100% financing options.


Home owners can also take advantage of this market by moving up to a larger home. Moving up in a buyers market will actually save you money.

Please contact me with any questions about this report.
Best wishes,
Matt
609-484-9890 ext. 132
Posted Thursday Jun 18