You may be considering a move. You’re ready to enjoy the fruits of your labor and transition to a home that’s more appropriate for your current lifestyle. Now that you’ve made your decision, you want to make sure you have the right strategy in place that will allow you to maximize your returns.
Our homes are some of the largest assets we may ever own, so you’re right to want to understand the market you’re in. As you prepare for this transition, you deserve guidance from an expert who’s knowledgeable about your local market. Here are the top things you need to know about the Toms River real estate market right now:
Inventory is down and demand is up.
The movement across parts of our town, coupled with the pandemic, has caused a spike in home sales. In 2021, more homes were listed than in the years past, but real estate activity is forecasted to rise even higher in 2022. Sold listings fell 15.8% from January 2021. This drop is likely due to low inventory. Active listings saw a 29.9% decrease from January 2021 to January 2022. To maximize the opportunity in this market, you want to work with a real estate expert who understands how to strategically position your home on the market.
We continue to see homes sell with multiple offers.
The median sale price in Toms River rose from $397,000 in January of 2021 to $459,000 in January 2022. Homes valued over $500,000 saw a 13.89% increase in list price. Median days on market went from 22 days to 18 days before pending. Buyers are lining up to see the available homes for sale. With guidance from a real estate expert with a proven marketing strategy, you can generally expect to sell fast.
Buyers are searching now and competition will only increase come spring.
The market is not showing any signs of slowing. In October, Goldman Sachs forecasted that home prices will soar another 16% through December 2022. This is a great time to list your home. Buyers are serious and ready to make offers. With my strategic preparation and marketing plan, my clients get the highest possible price in the fewest days on market.
What does this mean for you?
If you’re thinking about selling in 2022, now is the time to start preparing for the market.
You’ve worked hard for what you’ve earned, and you’re right to want the best experience. With over 16 years as an award-winning Realtor®, and having helped hundreds of home sellers in our local area, you can rest assured that I, along with the support of my team of agents, have the knowledge and experience needed to get your home prepared, presented, and sold within your timeline.
Call Me Today for Your Strategic Marketing Consultation → 732-814-4000
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on market.
Call Today → 732-814-4000
Shoot for the stars!
License # 0784074
The CG Group at REMAX Revolution
Toms River Market Highlights
|Single-Family Home Stats||January 2021 vs. 2022||Analysis|
|Median Sale Price|| Up 15.6%||Median sale price is now at $459,000, up 15.6% from $397k in 2021. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.|
|Median Days on Market|| Down 18.2%||Median days on market remain low, at 18 in January. Current high demand and low supply play a major role. January 2021’s statistic was at 22. With strategic pricing and marketing, you can ensure your home sells for top dollar in only a few days on market.|
|Sale-to-List Price Ratio|| Up 6.5%||Correctly priced, strategically marketed homes sell at or above list price, and sellers focused on ROI often seek my advice on how to invest in strategic updates before listing their home for sale.|
Source: Monmouth Ocean Regional Realtors. January 31, 2022.