The June Issue of the GB Landrigan Monthly Washington Township Early Real Estate Report is now available.
Buyers in Washington Township, particularly those seeking homes under $500,000, continue to encounter unusually low inventories. Just 1.7 months of available inventory awaits the discerning eye of buyers in the $250,000 - $500,000 range. The plight of those looking for a home under $250,000 is even tougher: less than one month’s inventory! Homeowners seem to be content staying where they are while large numbers of buyers want to live in the Township.
There are always fewer buyers for homes at the upper end. Even here, however, a supply of just over nine months of homes above $1 million is much lower than we normally expect. The $500,000-$1 million range hums along with a slightly more-balanced 3.83 months.