Real Estate inventory is unbelievably low in Basking Ridge. There are currently only 69 properties for sale including condos, town houses and single family homes in town. Absorption rate is low at 3.8 months, which equates to approximately 10% of annual appreciation, indicating that a 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 some real estate activity in Basking Ridge last week… 6 new properties came on the market, 3 properties were marked under contract and 2 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
