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Basking Ridge Market Insights - A Comparison of Q4’23 vs. Q4'22

Inventory Trends

A 20% decline of available inventory in Q4' 23 vs.Q4 '22. This trend, coupled with the ever continuing buyer demand, are fueling the price appreciation gains within our community.

Closed Sales Trends

Sales velocity is down in Q4'23, however it's commensurate with the lower inventory levels. This impact is more pronounced in the townhome segment where sales are down by 31% in Q4'23 vs. Q4'22.

Sale Price Trends

A noteworthy increase of 25% in the average selling price in Q4'23 vs.Q4'22.

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A Bernardsville resident for over 10 years, Megan Bonanno understands the nuances of NJ’s luxury market. Whether buying or selling, her expertise ensures a seamless, successful real estate experience.

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Contact Details

Megan Bonanno - NJ

Phone

862.812.0634

[email protected]

Address

68 N Finley Ave Basking Ridge NJ 07920

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