The Bergen County housing market finished strong in the fourth quarter of 2016, with sales up sharply and prices showing signs of meaningful appreciation. Sales. Bergen single-family home sales were up almost 11% for the quarter, the ninth straight quarter where we’ve seen year-on-year sales growth. And for the year, sales were also up 11%, marking the third straight year of … [Read more...]
Better Homes and Gardens Rand Realty Quarterly Market Report For 2016Q4 Overall – Northern New Jersey
The Northern New Jersey housing market finished strong in the final quarter of 2016, with sales up sharply even while pricing continued to struggle. But with inventory levels falling throughout the region, we expect that sustained buyer demand will drive meaningful if modest price appreciation in 2017. Sales were strong throughout the region. After a relatively slow third … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Sussex County, New Jersey
The Sussex County housing market surged again in the third quarter of 2016, with sales up sharply and some modest appreciation in pricing. Sales. Sussex sales were up again in the third quarter, rising 9% from last year and finishing the year up over 23%. This continued a trend that we’ve been watching for the past four years, with year‑on‑year sales up almost every quarter … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Essex County, New Jersey
The Essex County housing market was a mass of contradictions in the third quarter of 2016, with sales down but prices up. Sales. Essex activity continued to disappoint in the third quarter, with transactions down almost 3% from last year. This marked the first quarter of year‑on‑year sales declines in almost two years, breaking a six‑quarter streak of sales growth. After a … [Read more...]
Real Estate Market Report: Third Quarter 2016 – Morris County, New Jersey
The Morris County housing market softened in the third quarter of 2016, with sales up modestly and prices mixed. Sales. Morris County sales were up only slightly, rising about 4% from the third quarter of last year. Even that tepid increase, though, was enough to continue a two‑year streak in which year‑on‑year sales have gone up for eight straight quarters. The long‑term … [Read more...]