Sales in the Passaic County housing market continued to rise in the third quarter of 2016, but these sustained levels of buyer demand are not yet having their expected impact on pricing. Sales. Passaic sales were up again in the third quarter, rising over 6% from last year and finishing the rolling year up over 10%. Indeed, we’ve now seen sustained increases in buyer demand … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Bergen County, New Jersey
The Bergen County housing market plateaued in the third quarter of 2016, with sales and prices flat over the summer after a spike in spring activity. Sales. Bergen sales were flat in the third quarter, rising less than 1% after a pretty robust period over the past two years. Indeed, even with that minimal sales increase, Bergen has now seen eight straight quarters of … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Northern New Jersey Market Overview
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...]
Real Estate Market Report: Third Quarter 2016 – Dutchess County, New York
The Dutchess County housing market continued to strengthen in the third quarter of 2016, with a moderate increase in sales coupled with an eye‑opening spike in pricing. Sales. Dutchess single‑family home sales were up again in the third quarter, rising 8% from last year. This marked the eighth quarter in a row with year‑on‑year sales increases, closing a rolling year where … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Putnam County, New York
The Putnam County housing market surged again in the third quarter of 2016, with sales way up and prices stabilizing after a summer spike. Sales. Putnam sales were up again in the third quarter, with single‑family home closings up over 12% from last year and now up almost 22% for the year. The market is just sizzling, with transactions up in nine straight quarters and 17 … [Read more...]