Forked River Housing Market To “Spring Forward”
By Karl Hess, on The Jersey Shore
(Keller Williams Shore Properties)
Just like our clocks this weekend across the country, the Forked River housing market will soon “spring forward” too! Spring homebuyers are looking, but the pickings are getting slimmer. Even as more homes come on the market for this traditionally popular sales season, they're selling fast. Forked River sold home prices have increased by over 5% and at the entry level, where demand is highest, sellers are firmly in the driver's seat.What’s Your Forked River Home Worth?In the Forked River Housing Market, the absorption rate is at 4.56 months, that shows a significant drop of 28.79% from last year. The absorption rate is the rate at which available homes are sold in a specific real estate market during a given time period. Usually, anything less than 6 months is considered a “seller’s ma...