Market State July 14, 2009 (Mercer County NJ)

Trend MLS shows the following ( on July 14,2009) for Mercer County, New Jersey.

Homes for sale: 2447

Single detached homes for sale: 1486

Homes under contract: 588

Homes for sale categorized as needing "TLC": 120 (You can bet there are another hundred needing TLC and you won't know till you get there)

Homes sold (settled) in June 2009: 320, June 2008: 349

Homes for sale with at least 3BR, 2 full baths, garage, basement: 764, with price under $500,000 - 392, under $300,000 - 109

That still leaves a lot to choose from for the average first time buyer and a lot of competition for the average seller.

When the first time buyer tax credit expires on November 30th the effect will be that of an immediate $8000 increase in price across the board for all qualified first time buyers. It is unlikely that beyond that point any additional slide in home prices will make that up.

When you hire a buyers agent - avoid the BS (bait and switch) hire the whole office.

NJHomeBuyer.com Realty, is a member of NAEBA (National Association of Exclusive Buyer Agents) covering South Jersey and Central Jersey. My office is in Cherry Hill. If you are looking for a home in the next 6 months, have a 650 plus credit score and are employed, call Paul today. For more on NAEBA visit NAEBA

Paul Howard, Broker/Owner

NJHomeBuyer.com Realty (member of NAEBA)

Cherry Hill NJ 08002

856-488-8444

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