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 2017 Real Estate Market Report: Morris County Market Overview
Prices in the Morris County housing market showed more signs of life in the third quarter of 2017, even while low levels of inventory continued to stifle sales growth. Sales. Morris County sales were up just a tick, continuing a streak in which year‑on‑year sales have now gone up for 12 straight quarters, three full years of sustained buyer demand. For the year, sales were … [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 – Morris County, New Jersey
Prices in the Morris County housing market showed meaningful signs of appreciation in the second quarter of 2017, even while low levels of inventory stifled sales growth. Sales. Morris County sales were up slightly, rising over 3% from the second quarter of last year. This continued a streak in which year-on-year sales have now gone up for 11 straight quarters, almost three … [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...]