The Northern New Jersey housing market surged again in the third quarter of 2017, with another increase in sales and modest-but-meaningful price appreciation. With inventory levels continuing to fall throughout the region, we expect that sustained buyer demand will drive a robust seller’s market through rest of the year and into 2018. Sales surged throughout the region. All … [Read more...]
Archives for November 2017
Third-Quarter 2017 Market Report: Dutchess County Market Overview
The Dutchess County housing market showed clear signs of an emerging seller’s market in the third quarter of 2017, with a lack of inventory constricting growth but driving prices up. Sales. Dutchess sales were down again in the third quarter, more a reflection of falling inventory in the market than a decline in buyer demand. Sales were down almost 5% for the quarter and are … [Read more...]
Third-Quarter 2017 Market Report: Putnam County Market Overview
The Putnam County housing market slowed a bit in the third quarter of 2017, with sales falling and prices mixed. Sales. Putnam single‑family home sales were down almost 10% for the quarter, the third straight quarter of a significant decline in transactions. After over five years of steadily increasing sales, Putnam is now seeing the impact of a lack of inventory, with sales … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Orange County Market Overview
The Orange County housing market surged again in the third quarter of 2017, with both sales and prices up while inventory continued to fall. Sales. Orange sales were up yet again, rising over 6% from last year’s third quarter. Quarterly transactions have now gone up in 12 straight quarters and 21 out of the last 22. Indeed, for the rolling year, sales were up almost 10%, and … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Rockland County Market Overview
Prices in the Rockland County housing market soared in the third quarter of 2017, even while a lack of inventory stifled sales growth. Sales. After spiking at the beginning of the year, sales gave some of that growth back, dropping over 8% from the third quarter of last year. This was only the second time in the last four years that year‑on‑year sales have gone down. That … [Read more...]