by Anthony | Jun 28, 2021 | 2021 Topics, Existing Home Sales, Housing, Inventory, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News
As the weather warms and pandemic restrictions ease across much of the country, the U.S. housing market shows little sign of cooling. Robust buyer demand, fueled by low mortgage rates, continues to outpace supply, which remains near historic lows. Nationwide,...
by Anthony | Jun 4, 2021 | 2021 Topics, Essex County, NJ Monthly Sales Reports, NJ Real Estate News, Union County
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...
by Anthony | May 26, 2021 | 2021 Topics, Housing, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News
April was another strong month for home sales. The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than...
by Anthony | May 4, 2021 | Bergen County, Existing Home Sales, NJ Monthly Sales Reports, Passaic & Bergen Counties
Bergen County Single Family Homes for February Key Metrics 2020 2021 Change New Listings 880 1,007 +14.4% Closed Sales 488 652 + 35.7% DOM* 66 50 – 24.2% Median PX $510K $590K + 15.7% %...
by Anthony | Apr 26, 2021 | 2021 Topics, Housing, Inventory Shrinkage, NJ Monthly Sales Reports, NJ Real Estate News, Real Estate News
March 2021 New Jersey Sales Resutls Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates....
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...
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