How did the NJ real estate market perform in 2015?

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

NJMLS Housing Market Update

NJMLS Housing Market Update

                  Every month, the New Jersey MLS publishes a report chock-full of data on the real estate market in northern New Jersey. It covers single-family homes, multi-family homes, condos/coops/townhouses, and rentals in Bergen, Essex, Hudson and Passaic Counties.   Download NJMLS Housing Market Update for November, 2014   The … Continued

June Housing Statistics

June Statistics Preview NJMLS Statistics – June 2014 vs.2013. Single Family: Solds and Median Sale Price decreased. Condo/Coop/Twh: Solds increased, Median Sale Price unchanged. Days on Market decreased significantly in all categories. Entire NJMLS (all categories, all areas): Solds -3.06% Median Sale Price 0% Under Contracts -1.65% Actives -1.94% DOM -15.66% Single Family Homes (all … Continued