Activity in the Sussex County housing market surged yet again in the first quarter of 2017, with sales up sharply even while prices retreated slightly after a strong showing last year. Sales. Sussex sales were up yet again in the first quarter, rising over 32% from last year. And for the year, sales increased over 19%, with almost 2,500 home sales representing the highest … [Read more...]
Archives for April 2017
First Quarter 2017 Real Estate Market Report – Essex County, New Jersey
The Essex County housing market started the year strong, with another increase in sales activity finally showing some impact on pricing. Sales. Essex sales activity was up sharply from the first quarter of last year, rising almost 12% and driving the rolling year activity up almost 5%. Buyer demand has been inconsistent throughout the year, certainly not as strong as we are … [Read more...]
First Quarter 2017 Real Estate Market Report – Morris County, New Jersey
The Morris County housing market got off to a strong start in 2017, with an increase in sales activity coupled with some promising signs for pricing. Sales. Morris County sales were up solidly, rising almost 9% from the first quarter of last year. This continued a streak in which year-on-year sales have now gone up for 10 straight quarters, over two years of sustained buyer … [Read more...]
First Quarter 2017 Real Estate Market Report – Passaic County, New Jersey
The Passaic County housing market surged in the first quarter of 2017, with sales spiking and prices showing their first signs of meaningful appreciation in years. Sales. Passaic started the year dramatically, with sales spiking almost 30% from the first quarter of last year. We’ve now seen sustained increases in buyer demand for over five years, with quarterly sales up in … [Read more...]
First Quarter 2017 Real Estate Market Report – Bergen County, New Jersey
The Bergen County housing market showed continued signs of emerging into a strong seller’s market, with declining inventory holding sales back even while driving prices up dramatically. Sales. Bergen single-family home sales were up about 1% from last year’s first quarter, the tenth straight quarter of year-on-year sales growth. For the rolling year, sales were up a little … [Read more...]