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 to sell a property decreased by 3.6%.

Residential properties include single family homes and condos/townhouses/co-ops. Single family homes fared slightly better as a category, with a median sale price up 3.3%. Condo/townhouses/co-ops were up only 1.7%.

In 2016 the NJ real estate market should be even stronger based on the current inventory of homes on the market, which is quite low.

A complete report on the real estate market in northern New Jersey will be available soon. Contact me for a pdf copy.

source: NJMLS. Info deemed reliable but not guaranteed.

The post How did the NJ real estate market perform in 2015? appeared first on Michael Shetler's Buying In Bergen.

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 extensive monthly report includes the following data points:

TD New Listings by County – All Categories

YTD New Listings by County – Residential

YTD New Listings by County – Single Family

2013 vs. 2014 Active Listings by County

Average List Price by County – All Categories

Average List Price – All Counties

Average List Price by County – Residential

Average List Price by County – Single Family

New Residential Rental Listings

YTD New Residential Rental Listings by County

Average Residential Rental List Price

Under Contract – All Categories

YTD Under Contract by County – All Categories

YTD Under Contract by County – Residential

YTD Under Contract by County – Single Family

Under Contract by Price Range – RES

Under Contract by Price Range – Single Family

Absorption Rate (Months Inventory)

Total Units Sold – All Categories

YTD Sold by County – All Categories

YTD Sold by County – Residential

YTD Sold by County – Single Family

Total Residential Units Sold

Units Sold by Price Range – RES

Total Single Family Units Sold

Units Sold by Price Range – Single Family

Average Days on the Market by County – All Categories

Average Days on the Market – All Counties

Median Sold Price – All Categories

Median Sold Price by County – All Categories

YTD Median Sold Price – All Categories

Median Sold Price – Residential

Median Sold Price – Single Family

Total Residential Rental – Units Leased

YTD Residential Rental Median Leased Price by County

Monthly Open House Count

Keybox Showings

NJMLS.com Hits

Download the November, 2014 NJMLS Housing Market Update.

To find past and future reports, bookmark this link: NJMLS Housing Market Updates

The post NJMLS Housing Market Update appeared first on Michael Shetler's Buying In Bergen.

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 areas):
Solds -5.91%
Median Sale Price -1.38%
Under Contracts -3.30%
Actives +1.03%
DOM -15.58%

Condo/Coop/Twh (all areas):
Solds +3.67%
Median Sale Price 0%
Under Contracts -4.88%
Actives -5.57%
DOM -11.76%

source: New Jersey MLS. Info deemed reliable but not guaranteed.

The post June Housing Statistics appeared first on Michael Shetler's Buying In Bergen.

Download the complete report — Market Update November 2013

The post Monthly Report for November 2013 appeared first on Michael Shetler's Buying In Bergen.