June is a huge month historically for closings, with schools getting out and people wanting to settle into their new homes. This past hot spring market also contributed largely to those numbers. In late June, the market typically cools off during July, as we've seen, as people make their summer travel plans.  This lull will likely continue through mid-late August.  However, there will always be some Buyers, who have either just sold their homes or have been priced out by the competition in the spring market.  That's not to say we aren't seeing multiple offers right now. Homes that are priced below market value and appeal to a wide range of Buyers are still selling quickly, and in some cases with multiple offers.  In June, on average, houses in Maplewood and South Orange sold at 1-2% above their list price from the previous month.  See recent sales in your area.