The Passaic County housing market surged in the third quarter of 2017, with both sales and prices showing signs of a strong seller’s market. Sales. Passaic sales were up again in the third quarter, rising over 8% and now up over 13% for the rolling year. We’ve now seen sustained increases in buyer demand for over five years, with quarterly sales up in 23 out of the last 25 … [Read more...]
Third-Quarter Real Estate Market Report: Bergen County Market Overview
Prices in the Bergen County housing market rose again in the third quarter of 2017, even while declining inventory stifled sales growth. Sales. With inventory continuing to decline, Bergen lacks “fuel for the fire” to satisfy the existing buyer demand. As a result, home sales were relatively flat again, up only about 1% from last year’s third quarter and now up about 4% for … [Read more...]
Third-Quarter 2017 Real Estate Market Report: Northern New Jersey Market Overview
The Northern New Jersey housing market surged again in the third quarter of 2017, with another increase in sales and modest-but-meaningful price appreciation. With inventory levels continuing to fall throughout the region, we expect that sustained buyer demand will drive a robust seller’s market through rest of the year and into 2018. Sales surged throughout the region. All … [Read more...]
Third-Quarter 2017 Market Report: Dutchess County Market Overview
The Dutchess County housing market showed clear signs of an emerging seller’s market in the third quarter of 2017, with a lack of inventory constricting growth but driving prices up. Sales. Dutchess sales were down again in the third quarter, more a reflection of falling inventory in the market than a decline in buyer demand. Sales were down almost 5% for the quarter and are … [Read more...]
Third-Quarter 2017 Market Report: Putnam County Market Overview
The Putnam County housing market slowed a bit in the third quarter of 2017, with sales falling and prices mixed. Sales. Putnam single‑family home sales were down almost 10% for the quarter, the third straight quarter of a significant decline in transactions. After over five years of steadily increasing sales, Putnam is now seeing the impact of a lack of inventory, with sales … [Read more...]