The Sussex County housing market surged in the fourth quarter, with a dramatic spike in sales that continued a yearlong trend of markedly higher transaction rates. Nevertheless, we are still not seeing these sustained levels of buyer demand have their expected impact on pricing. Sales. Sussex sales were up sharply in the fourth quarter, rising almost 39% from last year and … [Read more...]
So What’s Going on in the Essex County Real Estate Market?: The Rand Quarterly Market Report for 2015Q4
The Essex County housing market closed the year with a modest increase in sales and some mixed results in pricing. For the year, sales were up fairly significantly, but we’re still not seeing any meaningful price appreciation. Sales. Essex sales were up in the fourth quarter, rising over 4% from last year and finishing the year up almost 10%. Indeed, Essex closings have now … [Read more...]
So What’s Going on in the Morris County Real Estate Market?: The Rand Quarterly Market Report for 2015Q4
The Morris County housing market sagged a bit in the fourth quarter, with only a modest increase in sales and basically flat prices. For the year, sales were up slightly, but we are still not seeing any meaningful price appreciation. Sales. Morris County sales were essentially flat for the fourth quarter, rising 1.5% and finishing the year up 7.6%. This did mark the fifth … [Read more...]
So What’s Going on in the Passaic County Real Estate Market?: The Rand Quarterly Market Report for 2015Q4
The Passaic County housing market closed strong in the fourth quarter of 2015, with solid increases in both sales and prices. As a result, Passaic finished its third straight year of meaningful price appreciation, clearly indicating that it is moving into a seller’s market. Sales. Passaic sales continued to go up in the fourth quarter, rising almost 7% and finishing the year … [Read more...]
So What’s Going on in the Bergen County Real Estate Market?: The Rand Quarterly Market Report for 2015Q4
The Bergen County housing market continued to expand in the fourth quarter, with both sales and prices up. For the calendar year, Bergen saw a solid increase in sales and modest but measurable price appreciation. Sales. Bergen single-family home sales finished the year strong, with sales up almost 8% for the quarter and over 10% for the calendar year. This marked the fifth … [Read more...]