I break down the pace, the value, and the leverage I would watch now.
If you are trying to read the market in Andover, NJ, I would pay attention to both pace and leverage. Last month, the median sold price was $415,000, the median list price was $925,000, and the typical sale took 21 days, which tells me strategy matters more than waiting for perfect conditions.
The mix of numbers gives me a useful read on how buyers and sellers should think. In Andover, NJ, 1.8 months of inventory and a 100.7% sold-to-list price ratio point to a market where preparation still matters, but pricing has to be handled with care.
I would not treat every listing the same. A home that is positioned well can still earn attention quickly, while a home that asks too much can sit long enough to lose momentum.
Review the ask against the sale price. Move quickly when the fit is right. Let the 21-day pace guide your timing.
