Real Estate inventory continues to be very low in Basking Ridge. There are currently 124 properties for sale including condos, town houses and single family homes in town. Absorption rate is very low at 1.9 months, which equates to approximately 20% of annual appreciation, indicating that a strong seller’s real estate market continues 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 a great deal of real estate activity in Basking Ridge last week… 14 new properties came on the market, 18 properties were marked under contract and 14 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
