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...]
Second Quarter 2017 Real Estate Market Report – Sussex County, New Jersey
Activity in the Sussex County housing market surged yet again in the second quarter of 2017, with sales up sharply even while prices continued to soften. Sales. Sussex sales were up yet again in the second quarter, rising over 25% from last year. And for the year, sales increased over 20%, with over 2,600 home sales representing the highest 12-month total in over 10 years. … [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...]