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: Passaic County Market Overview
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 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 – 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 – 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...]