Activity in the Sussex County housing market surged yet again in the second quarter of 2017, with sales up sharply even while prices continued to soften. Sales. Sussex sales were up yet again in the second quarter, rising over 25% from last year. And for the year, sales increased over 20%, with over 2,600 home sales representing the highest 12-month total in over 10 years. … [Read more...]
Archives for August 2017
Second Quarter 2017 Real Estate Market Report – Essex County, New Jersey
The Essex County housing market surged again in the second quarter of 2017, with increases in both sales and prices coupled with another drop in available inventory. Sales. Essex sales activity was up again, rising over 13% from the second quarter of last year. For the rolling year, sales are now up over 7%. Indeed, Essex closed over 5,300 units over the rolling year, the … [Read more...]
Second Quarter 2017 Real Estate Market Report – Morris County, New Jersey
Prices in the Morris County housing market showed meaningful signs of appreciation in the second quarter of 2017, even while low levels of inventory stifled sales growth. Sales. Morris County sales were up slightly, rising over 3% from the second quarter of last year. This continued a streak in which year-on-year sales have now gone up for 11 straight quarters, almost three … [Read more...]
Second Quarter 2017 Real Estate Market Report – Passaic County, New Jersey
The Passaic County housing market rose again in the second quarter of 2017, with sales up and prices continuing to show some signs of meaningful appreciation. Sales. After a dramatic start to the year, Passaic pulled back just a little, but sales were still up over 8% for the quarter and are now up almost 13% for the rolling year. We’ve now seen sustained increases in buyer … [Read more...]
Second Quarter 2017 Real Estate Market Report – Bergen County, New Jersey
Prices in the Bergen County housing market surged again in the second quarter of 2017, even while low levels of inventory suppressed sales growth. Sales. With inventory continuing to decline, Bergen lacks “fuel for the fire” to satisfy the existing buyer demand. As a result, home sales were relatively flat again, up only about 1% from last year’s second quarter and now up … [Read more...]