The Passaic County housing market started off 2016 with an increase in sales coupled with mixed results in pricing. Most indicators, though, signal that Passaic continues to develop as a classic “seller’s market” that will likely drive sales and prices up through the rest of the year. Sales. Passaic sales were up again in the first quarter of 2016, rising over 8% from last … [Read more...]
Archives for April 2016
First Quarter 2016 Real Estate Market Report: Bergen Market Overview
The Bergen County housing market started 2016 off strong, with sales way up and clear indications of increasing buyer demand. Sales. Bergen single-family home sales started the year with a flourish, rising over 19% for the quarter and marking the sixth straight quarter of year-on-year sales increases. Indeed, we are starting to see transactions at “seller market” levels, … [Read more...]
First Quarter 2016 Real Estate Market Report: Northern New Jersey Market Overview
The Northern New Jersey housing market got off to a strong start in 2016, with sales up again throughout the region. But this sustained surge in buyer demand is not yet having any real impact on pricing, which was flat or down in each of the counties. Sales were up over 10% for the region, rising in every county in the Report. Closings have now been trending up for about … [Read more...]
First Quarter 2016: Real Estate Market Report: Dutchess Market Overview
The Dutchess County housing market started the year with a massive spike in sales activity, which had only a modest impact on pricing. Sales. Dutchess County single.family home sales surged again in the first quarter, with transactions up a whopping 43% from last year. This marked the sixth quarter in a row with year on year sales increases, leading to a rolling year where … [Read more...]
First Quarter 2016 Real Estate Market Report: Putnam Market Overview
Putnam County sales and prices both spiked in the first quarter of 2016, with transactions again reaching levels we have not seen in over 10 years. Sales. Putnam sales surged again in the first quarter, with single.family home sales spiking over 35% compared to last year and now up over 21% for the rolling year. Sales have now been going up for over four years, with … [Read more...]