I have talked to some of the high profile listing agents in the area and they too seem to be not getting consistent, new listings so far in 2011. There appears to have been a slight uptick in activity on the New Jersey MLS, but many are homes that were previously available, expired, and are now back on the market.
The price ranges I have been working with from $400,000 to $525,000 mainly has buyers who are purchasing their first home or stepping up from owning a condo. This range definitely has a dearth of good homes and when a good one does come on the market, there are multiple offers.
The spring market seems to have started early this year for the buyers, but the sellers never received the memo. Hopefully the potential sellers are getting their homes ready to show and will have them on the market by April. So lets so sellers! LIST NOW!