A clear read on what today's pricing pressure means for your next move.
If you are deciding whether to buy or sell in Andover, NJ, the main question is whether pricing feels firm enough to move with confidence. My answer is yes, but only if you stay grounded in the numbers from last month, when the typical home value was $524,270 and the typical list price was $899,999.
Last month, the market leaned toward sellers in Andover, NJ, with 3 months of inventory and a 50% month-over-month jump in supply. That tells me pricing still matters, but it also tells me the market is not moving on autopilot.
For a seller, that means I would not lead with optimism alone. I would watch how close my price sits to the upper end of recent closed activity, because April's closed sales included prices from $302,000 to $1,625,000, and the spread is wide enough to punish guesswork.
Keep your pricing disciplined. Use the most recent closed range to set your first number. If you are buying, stay selective when a home looks stretched.
