Future Sustainability of Real Estate Market Part 1

Plummeting Inventory The scarcity of available existing homes for sale has been a matter of concern over the last three-and-a-half years. Ever since the housing crash of 2008, builders are highly wary of building before they have buyers in hand. Too many builders took...

Bergen and Passaic Counties April Sales

Bergen County Single Family Homes for April Key Metrics 2020 2021 Change New Listings 430 1,188 + 176.3% Closed Sales 425 637 + 49.9% DOM* 56 48 – 14.3% Median PX $550K $610K + 10.9% % of PX 98.4% 101.1% + 2.76% Inventory 2,538 1,501...

Union and Essex April Sales

Union County Single Family Homes for April Key Metrics 2020 2021 Change New Listings 291 653 + 124.4% Closed Sales 319 383 + 20.1% DOM* 52 37 – 28.8% Median PX $445K $460K + 3.4% % of PX 99.0% 102.4% + 3.4% Inventory 1,224 693 –...

Bargain Basement House Hunting Part 2

This is Part Two of a transcript of podcast done with Marita DeCarlo, from ADK Realty based in Toms River, New Jersey and Anthony DiMaio, author and real estate blogger. MD: You’re always looking for the right property, but, you know, those two properties, like I...

Morris and Middlesex County April Sales

Morris County Single Family Homes for April Key Metrics 2020 2021 Change New Listings 347 778 + 124.2% Closed Sales 345 467 + 35.4% DOM* 55 45 – 18.2% Median PX $460K $550K + 19.6% % of PX 98.5% 101.0% + 2.6% Inventory 1,632 869...