CLERMONT — The Cape May County Association of REALTORS® earlier this month stated that New Jersey’s overall housing market remains stable and every local market continues to have something to offer consumers. They added, in a release, “Now is the perfect time for home buyers and sellers to explore their real estate options.

“Right now is an excellent time to invest in your future by purchasing a home,” said Ann Marie Uhlman, association executive officer. “Right now, potential buyers will get the best of both worlds- extremely low interest rates and a large inventory of available properties in all price ranges.”

Uhlman continued that during periods of market transition, sellers may get less for their house than they might have in the past few years but, in turn, they can pay less for the next house they decide to purchase.

Additionally, if sellers wait to enter the real estate market they may face stiffer competition down the road.
Purchasing a home continues to be an excellent way to build long-term wealth noted the local group.
The National Association of Realtors reported that 60 percent of the average homeowner’s wealth comes from their home’s equity.

The local group also said home sales in New Jersey and Cape May County remain healthy, although there has been a decrease from the height of the market.

The group encourages consumers to not allow preconceived notions to prevent them from exploring the opportunities their local real estate market has to offer.

“It has been said before but all real estate is local,” added Uhlman. To truly understand local market conditions, consumers should reach out to a Realtor who has the expertise and knowledge to explain the complexities of local real estate trends.”