When will new houses come on the market?

[curious]

When will some new houses come on the market? We have been looking for a house in Cranbury for a few months, are hoping something else comes on before too long... we'd like to move in June. Any guesses on when new houses will be listed? Do people wait until spring? Or are folks waiting for the economy to improve (which might be a long, long wait)?

[me]

What's your definition of "new"?

[guesthouse]

[curious]

I guess my ideal house would be close enough that kids could ride bikes to school, and be under $650K and in good shape.
Right now I think 2 houses are in the right price, but each seems to have some issues (based on what we observed when we walked around and on sellers disclosures and previous home inspections).

I guess we can wait till early spring...

[guesthouse]

No home is perfect. Usually the best thing to do is get a sense of the cost to either repair or improve what's available and assess that total cost against what your price is. Right now on a quick look just now I found 5 homes on the market in biking range to the school and with sidewalks the whole way that are between $449-719K (and in this market it's not impossible for you to end up around $650K for a house listed at $719K). I've seen inside a couple of these, including the $449 house and it's in decent shape with no huge red flags that I know of, certainly not for someone who doesn't need to close quickly. And you would have up to $200K to fix or upgrade in that case, or more when you finish negotiating the final sale price. I use that one only as an example.

Certainly different things will come up in the spring, but not necessarily better and definitely not without some "issue" or another. I spent several years looking for homes in Cranbury before finally buying. Ultimately its about trade-offs, one way or another.

[Response]

There are few houses on the market at the moment---most of the houses you see around town are all under contract, including the $449,000 listed house on South Main.
Yes, more homes will be available in the early spring...that goes along with families wanting to be settled in before school starts in September.
(I'm a realtor)

[Residence]

I may have a lead for you, if you want to post contact info I will get in touch with you.

[chrissy1]

I'll take the lead. Looking also in that range. 610 446-9678

[BS]

"Try XXXXXXXX we do not need more out of town north jersey Nyc kids in our school. XXXXX is better for the people who talk with funny accents.

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