The Latest Market Indicators

In its entirety, 2013 proved to be a good year for housing. Home sales and prices were broadly higher across the state, while the number of homes for sale and the number of days it took to sell a home were all much lower. Multiple-offer situations became commonplace again and prices in many areas rallied. … Continued

Inventory Across Northern NJ Down 20%

The Market Update published by the New Jersey MLS (NJMLS) for December, 2013 shows the number of single family homes on the market is down 20% from a year earlier. The area covered by NJMLS includes Bergen, Essex, Hudson and Passaic Counties. Inventory of condos and townhouses is down even more at -27%. Other telling statistics … Continued

18% Increase In Bergen Home Sales

Year to date, the number of homes sold in Bergen County is up 18% over last year. The number of days it took to sell is down 14% to 82 days. And the average sold price is up 5%, according to data from the New Jersey MLS. The recovery from the recession is well underway, … Continued