The Northern New Jersey housing market plateaued in the third quarter of 2016, with sales flattening out after a torrid start to the year and pricing struggling to gain traction. With inventory levels falling throughout the region, though, we expect that the market might gain strength going into 2017. Sales were basically flat throughout the region. After a strong start to … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Bergen County
Activity in the Bergen County Housing Market was up significantly in the second quarter of 2016, but pricing continued to struggle. Sales. Bergen sales rose again in the second quarter, with transactions up over 11% for the quarter. Buyer demand in Bergen has now been growing for almost two years, with seven straight quarters of year‑on‑year sales growth. And for the rolling … [Read more...]
Second-Quarter 2016 Real Estate Market Report: Northern New Jersey Market Overview
The Northern New Jersey housing market continued to surge in the second quarter of 2016, with sales up sharply throughout the region. But rising levels of buyer demand are not yet having any real impact on pricing, which was flat or down in each of the counties. Sales were up over 13% for the region, rising in every county in the Report. Closings have now been trending up … [Read more...]
First Quarter 2016 Real Estate Market Report: Bergen Market Overview
The Bergen County housing market started 2016 off strong, with sales way up and clear indications of increasing buyer demand. Sales. Bergen single-family home sales started the year with a flourish, rising over 19% for the quarter and marking the sixth straight quarter of year-on-year sales increases. Indeed, we are starting to see transactions at “seller market” levels, … [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...]