Sales in the Passaic County housing market rose again in the fourth quarter of 2016, but they are still not having their expected impact on pricing Sales. Passaic sales finished the year strong, rising almost 14% from last year’s fourth quarter and finishing the year up over 12%. We’ve now seen sustained increases in buyer demand for over five years, with quarterly sales up … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Bergen County, New Jersey
The Bergen County housing market finished strong in the fourth quarter of 2016, with sales up sharply and prices showing signs of meaningful appreciation. Sales. Bergen single-family home sales were up almost 11% for the quarter, the ninth straight quarter where we’ve seen year-on-year sales growth. And for the year, sales were also up 11%, marking the third straight year of … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall – Northern New Jersey
The Northern New Jersey housing market finished strong in the final quarter of 2016, with sales up sharply even while pricing continued to struggle. But with inventory levels falling throughout the region, we expect that sustained buyer demand will drive meaningful if modest price appreciation in 2017. Sales were strong throughout the region. After a relatively slow third … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Dutchess County, New York
The Dutchess County housing market finished strong in the fourth quarter of 2016, with a sustained increase in sales along with the largest yearly price appreciation in over ten years. Sales. Dutchess single-family home sales were up again in the fourth quarter, rising over 7% from last year and marking the ninth quarter in a row with year-on-year sales increases. And for … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 – Putnam County, New York
The Putnam County housing market finished the 2016 year strong, with sales continuing to rise even while inventory tightened. Sales. Putnam sales were up again in the fourth quarter, with single-family home closings up almost 10% from last year and now up almost 21% for the year. The market is just sizzling, with transactions up in 10 straight quarters and 18 out of the last … [Read more...]