My office had a guest speaker on March 10, 2009. Albert Bolle, an excellent local appraiser, reviewed some hard data on local Sussex County, NJ, homes sales within a one-year period. I took notes on Al's lecture and did an Excel spreadsheet.
Home values in Sparta fared MUCH better than any of the other Sussex County towns cited. Mortgage rates remain low, so buyer's dollars stretch further.
So it IS really a good time to sell that home in Sparta.
