Activity in the Sussex County housing market surged yet again in the third quarter of 2017, with sales up sharply even while prices continued to struggle. Sales. Sussex sales were up yet again in the third quarter, rising over 17% from last year and now up over 22% for the year. The 2749 closings represented the highest 12‑month total in over 10 years. Indeed, Sussex sales … [Read more...]
Archives for November 2017
Third-Quarter Real Estate Market Report: Essex County Market Overview
The Essex County housing market slowed a touch in the third quarter of 2017, with sales up a bit but prices mixed. Sales. Essex sales activity was up again, rising almost 4% from the third quarter of last year. This continues a trend that’s been developing for a while, with the rolling year sales up over 9%. Indeed, Essex closed over 5,300 units over the rolling year, the … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Morris County Market Overview
Prices in the Morris County housing market showed more signs of life in the third quarter of 2017, even while low levels of inventory continued to stifle sales growth. Sales. Morris County sales were up just a tick, continuing a streak in which year‑on‑year sales have now gone up for 12 straight quarters, three full years of sustained buyer demand. For the year, sales were … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Passaic County Market Overview
The Passaic County housing market surged in the third quarter of 2017, with both sales and prices showing signs of a strong seller’s market. Sales. Passaic sales were up again in the third quarter, rising over 8% and now up over 13% for the rolling year. We’ve now seen sustained increases in buyer demand for over five years, with quarterly sales up in 23 out of the last 25 … [Read more...]
Third-Quarter Real Estate Market Report: Bergen County Market Overview
Prices in the Bergen County housing market rose again in the third quarter of 2017, even while declining inventory stifled 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 third quarter and now up about 4% for … [Read more...]