The Northern New Jersey housing market finished 2017 strong, with prices up even while declining inventory throughout the region stifled sales growth. With demand high, and available homes low, we believe that homeowners will continue to enjoy price increases throughout 2018. Regional sales were up, but not in every county. Regional sales were up slightly for the quarter, … [Read more...]
Third-Quarter Real Estate Market Report: Essex County Market Overview
The Essex County housing market slowed a touch in the third quarter of 2017, with sales up a bit but prices mixed. Sales. Essex sales activity was up again, rising almost 4% from the third quarter of last year. This continues a trend that’s been developing for a while, with the rolling year sales up over 9%. Indeed, Essex closed over 5,300 units over the rolling year, the … [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...]
Second Quarter 2017 Real Estate Market Report – Essex County, New Jersey
The Essex County housing market surged again in the second quarter of 2017, with increases in both sales and prices coupled with another drop in available inventory. Sales. Essex sales activity was up again, rising over 13% from the second quarter of last year. For the rolling year, sales are now up over 7%. Indeed, Essex closed over 5,300 units over the rolling year, the … [Read more...]
Second Quarter 2017 Real Estate Market Report – Northern New Jersey Market Overview
The Northern New Jersey housing market surged again in the second quarter of 2017, with another sharp increase in sales coupled with some more meaningful signs of 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 the Summer and the rest of 2017. Sales surged … [Read more...]