The Morris County housing market softened a bit in the third quarter, with sales up modestly but prices a little flat. Over the longer-term, we’re seeing sustained increases in buyer demand that are likely to have a meaningful impact on prices by 2016. Sales. Morris County sales were up modestly in the second quarter, rising 5.7%. This marked the fourth straight quarter with … [Read more...]
So What’s Going on in the Passaic County Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Passaic County housing market surged in the third quarter of 2015, with sales activity up dramatically but prices relatively flat. If we continue to see these kinds of increases in buyer demand, though, it’s only a matter of time before Passaic experiences meaningful price appreciation. Sales. Passaic sales were up dramatically in the second quarter, rising 22.3% from … [Read more...]
So What’s Going on in the Bergen County Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Bergen County housing market continued to gain momentum in the third quarter of 2015, with sales up sharply and modest price growth. If buyer demand continues to grow, it’s only a matter of time before we start seeing more meaningful price appreciation. Sales. Bergen single-family home sales surged again in the third quarter, rising 14.1% for the quarter and now up 9.0% … [Read more...]
So What’s Going on in the Dutchess County Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Dutchess County housing market continued to enjoy sustained levels of increasing sales activity, but we’re still seeing a difficult pricing environment. These levels of buyer demand are bound to push up prices eventually, but we understand if Dutchess homeowners and sellers are getting impatient. Sales. Dutchess County single-family home sales surged in the second … [Read more...]
So What’s Going on in the Orange County Real Estate Market?: The Rand Quarterly Market Report for 2015Q3
The Orange County housing market continued to surge in the third quarter, with sales up dramatically in both single-family and condo markets. Pricing was more mixed, but it’s only a matter of time before these sustained levels of buyer demand drive meaningful price appreciation. Sales. Orange County sales spiked again in the third quarter, rising 31.5% from last year and … [Read more...]