Real estate market data, indicators and news for Bergen County, NJ including Glen Rock, Ridgewood and Saddle River.
Bergen County homes in high demand As a result of the pandemic, most of us have more cash on hand than we used to. Money typically spent on trips, restaurants and other activities outside the home went into our bank accounts. Many are now flush with cash. “Americans in the aggregate have roughly $2.7 trillion … Continued
What’s happening in the market? The real estate forecast for this year and next. 2020 was on pace to be the most active year ever for New Jersey real estate. January and February sales volume was the highest on record. Then the pandemic hit. The tri-state area became the hotspot for Coronavirus in the U.S. … Continued
Real estate stats for Ridgewood, NJ The data for the 3rd quarter is in. The Ridgewood, NJ real estate market is stable – as it’s been for the last few years. Here are a few of the major data points: Homes are selling very close to asking price (98.5% of the last list … Continued
The local real estate market is strong according to this Glen Rock Real Estate Report. Home values are up 10% in the last year and 17% over the last five years. The supply of homes is low. And the sale price to list price ratio is nearly 100%. So if you’re looking to buy or … Continued
Home Prices Rose 4% Last Year In Bergen County The year end statistics are in – median home prices for residential properties in Bergen County rose 4% from 2016 to 2017, according to the New Jersey MLS*. After a few years of stagnant prices – just one to two percent annually – home prices finally … Continued
If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are … Continued
As you may have guessed, 2015 was a solid year for local real estate. Prices went up but not so much that affordability has been significantly impacted. In 2015, the median sale price for residential properties rose 2.5% for the year while the number of sales increased by 11.6%. The number of days it took … Continued
The New Jersey MLS (NJMLS) has released its market report for June, 2015. The number of homes under contract in June was up 20% over the same month last year. Download: June Housing Market Update for Northern New Jersey (pdf) That’s a startling number considering last year’s spring market was very healthy. Year to date, … Continued
The Glen Rock real estate market is thirsty for new listings! Buyers have already been out in large numbers this spring looking for a Glen Rock home. The supply of homes on the market now is only 2 months, which makes it very much a seller’s market. While inventory will certainly increase as … Continued
How did New Jersey MLS home prices change last month? New Jersey MLS (NJMLS) December 2014 Statistics Statistics for Dec. 2014 vs. 2013 show a significant increase in homes under contract and the number of home sales. The median sale price was down for single family homes but up for condos/coops/townhouses: Entire NJMLS (all categories, all areas): … Continued
