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February Sales in New Jersey

by Anthony | Mar 25, 2021 | 2021 Topics, New Jersey News, NJ Monthly Sales Reports, NJ Real Estate News

Mortgage interest rates ticked a bit higher in February, but remain below their February 2020 levels. Interest rates may rise a bit further in coming weeks, but according to Freddie Mac chief economist Sam Khater, “while there are multiple temporary factors driving up...

January Morris and Middlesex County Single Family Sales

by Anthony | Feb 26, 2021 | 2021 Topics, Middlesex, Morris County, NJ Monthly Sales Reports

Morris County   Single Family Homes for January Key Metrics        2020    2021     Change New Listings        533      408    – 23.5% Closed Sales       371      390     + 5.1% DOM*                  75        41      – 45.3% Median PX       $428K   $517K    + 20.9% %...

NJ Median Sales Price Up 22.4 Percent

by Anthony | Feb 24, 2021 | 2021 Topics, Existing Home Sales, Housing, Inventory Shrinkage, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited...

BIDDING WARS Breaking Out in New Jersey

by Anthony | Feb 18, 2021 | 2021 Topics, Construction, First-Time Buyers, New York CIty, NJ, NJ Monthly Sales Reports, Real Estate News, Uncategorized

The surge of buyers into New Jersey’s counties adjacent to New York City has ranked them as 4 out of the top 10 for first-time buyers. The percentage of first-time buyers has now climbed to 39% nationwide; this is up from 30% reported back in 2016. The demand...

Bergen and Passaic County December Sales

by Anthony | Feb 3, 2021 | 2020 Trends, Bergen County, NJ Monthly Sales Reports, NJ Real Estate News, Passaic & Bergen Counties

Bergen County   Single Family Homes for December Key Metrics        2019    2020   Change New Listings         396     452    + 14.1% Closed Sales        605     944     + 56.0% DOM*                   68        45    –  33.8% Median PX       $487K   $575K   + 17.9% %...

NJ Sales for Union & Essex Counties

by Anthony | Jan 29, 2021 | 2020 Trends, Essex County, NJ Monthly Sales Reports, NJ Real Estate News, Union County

Union County   Single Family Homes for December Key Metrics        2019    2020   Change New Listings         265     280     + 5.7% Closed Sales        433      517     + 19.4% DOM*                   57        40     – 29.8% Median PX         $400K   $443K   +...
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