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 – Passaic County, New Jersey
The Passaic County housing market rose again in the second quarter of 2017, with sales up and prices continuing to show some signs of meaningful appreciation. Sales. After a dramatic start to the year, Passaic pulled back just a little, but sales were still up over 8% for the quarter and are now up almost 13% for the rolling year. We’ve now seen sustained increases in buyer … [Read more...]
Second Quarter 2017 Real Estate Market Report – Bergen County, New Jersey
Prices in the Bergen County housing market surged again in the second quarter of 2017, even while low levels of inventory suppressed 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 second quarter and now up … [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...]
First Quarter 2017 Real Estate Market Report – Sussex County, New Jersey
Activity in the Sussex County housing market surged yet again in the first quarter of 2017, with sales up sharply even while prices retreated slightly after a strong showing last year. Sales. Sussex sales were up yet again in the first quarter, rising over 32% from last year. And for the year, sales increased over 19%, with almost 2,500 home sales representing the highest … [Read more...]