Real Estate inventory is still very low in Basking Ridge. There are now 126 properties for sale including condos, town houses and single family homes in town. Absorption rate is very low at 1.7 months, which equates to 15-20% of annual appreciation, indicating a strong seller’s real estate market at the moment in Basking Ridge. 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 some real estate activity in Basking Ridge last week… 19 new properties came on the market, 17 properties were marked under contract and 4 properties closed. 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
