Real Estate inventory decreased slightly in Basking Ridge. There are now 149 properties for sale including condos, town houses and single family homes in town. Absorption rate is still at 3.9 months, indicating a sellers’ real estate market at the moment. Of course, absorption rate varies, depending on a price point and there are properties under contract in town that are not marked as such on GSMLS, therefore increasing absorption rate. There was a great deal of real estate activity in Basking Ridge last week… 15 new properties came on the market, 13 went under contract and 10 homes closed last week. I will be happy to share my knowledge on Basking Ridge real estate market analytics for a specific price range important to you. Please contact me here
Basking Ridge Real Estate
