“Rutherford homes are selling 10 days faster than 6 months ago. Prices are up $14k & inventory is down 10%, making it tough for homebuyers wanting low interest rates. We see buyer’s offer over asking price, reducing some of their contingencies, waiving appraisals, doing “as is” purchases & paying their own closing cost to win homes. The biggest surprise is still how low inventory is but I expect this to change as more people start to build. Some builders not accepting appraisal contingencies & building delays are occurring due to supply chain issues. Townhomes will be in high demand due to affordability.”
— T E RRY CART E R
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