Rand Country Blog

Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Morris County, NJ The Morris County housing market contained a series of contradictory indicators in the third quarter, with sales up, prices down, and the negotiability metrics suggesting increased leverage for sellers. Unlike most of the higher‑end markets in the region, Morris actually experienced sales growth, with sales up over 3% for the quarter, and the rolling-year totals […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Passaic County, NJ The Passaic housing market cooled off a little in the third quarter, with both sales and prices relatively flat after a robust second quarter. Indeed, we saw exactly one fewer sale in the third quarter compared to last year, and only 40 more sales for the rolling year. But this sales plateau does not indicate […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Bergen County, NJ The Bergen County housing market stabilized in the third quarter, with a lack of inventory continuing to stifle growth but pricing showing only mixed results. Sales were up just a tick: Single‑family home sales rose about 1% from last year’s third quarter, and condo sales rose about 2%. For the rolling year, sales in both […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Northern New Jersey The housing market in the Northern New Jersey suburbs of New York City cruised through the third quarter of 2018, with strong demand driving meaningful price appreciation, even while low levels of inventory suppressed sales growth throughout the region. The regional market continues to suffer from a lack of supply. The number of homes available […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – The Bronx With Better Homes and Gardens Rand Realty’s recent expansion into the Bronx, we are delighted to present the Rand Quarterly Market Report for Bronx County. We have been providing these quarterly market analyses or almost 15 years for the markets we service, which include Westchester and the Hudson Valley, Northern New Jersey, and now the […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Dutchess County, NY Pricing in the Dutchess housing market soared again in the third quarter, with prices rising from high demand and limited inventory. Sales were down, just as in the rest of the region, from a lack of supply, not a lack of demand, which you can see from the pricing trends: Single‑family home prices rose almost […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Putnam County, NY The Putnam housing market absolutely soared through the third quarter of 2018, with dramatic increases in both sales and particularly in pricing. Putnam was the only county in the region to experience sales growth this quarter, with transactions rising 3% for houses and 5% for condos. The real story was price appreciation, with prices up […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Orange County, NY The Orange County housing market soared yet again in the third quarter of 2018, with prices exploding upward. With inventory still very low, and demand high, house prices rose 14% on average, 8% at the median, and 12% in the price‑per‑square‑foot, while condo prices were up 17% on average, 12% at the median, and 14% […]
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Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Rockland County, NY The Rockland housing market had another strong quarter, with prices up, even while a lack of inventory held back sales growth. Sales of houses were down almost 3% for the quarter, and are now down almost 5% for the year. But that’s more a reflection of a lack of supply, not a lack of demand, […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Westchester County, NY The Westchester housing market held steady in the third quarter of 2018, with a small decline in sales coupled with flat pricing. We believe that the decline in sales comes largely from a shortage of viable inventory, rather than a lack of demand, but it may be that the 2018 tax reform changes have hampered […]
Rand Country Blog Real Estate Market Report: Third Quarter 2018 – Westchester and Hudson Valley Despite concerns that the 2018 tax reform law would undermine housing values, Westchester and the Hudson Valley held steady in the third quarter, with prices rising throughout the region and up dramatically in some counties. Some analysts have expressed concerns about the effects of the 2018 Tax Reform law on our regional housing market. The […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Hudson County, NJ The Hudson County housing market surged again in the second quarter, with low levels of inventory stifling sales activity but driving a spike in pricing. Overall sales for the county were down about 3%, with both multi-family and condo sales falling sharply due to the lack of inventory available on the market. But that lack […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Sussex County, NJ The Sussex market surged again in the second quarter, with sharp increases in both sales and prices. Transactions were up over 11% from last year’s second quarter, continuing a yearlong trend that brought sales up almost 14% for the rolling year. That kind of buyer demand has winnowed down the housing supply, with the months […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Essex County, NJ The Essex housing market was flat for the second quarter, with mixed results in sales and pricing. Sales were up just a tick from last year, and are up about 2% for the rolling year. That said, we’re now seeing sales at levels higher than any time in the past 15 years, since the height […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Morris County, NJ The Morris housing market flattened out a bit in the second quarter, with sales down and prices basically flat. Quarterly sales were down for only the second time in about four years, falling over 4% and now down about 1% for the rolling year. But demand remains strong, driving prices up slightly for the quarter […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Passaic County, NJ The Passaic housing market surged again in the second quarter, with both sales and prices up in what is now a robust seller’s market. Falling inventory had been holding back sales in the first quarter, but we’re starting to see more homes come onto the market as sellers see prices going up. As a result, […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Bergen County, NJ The Bergen housing market cruised through the second quarter, as low levels of inventory continued to stifle growth even while driving prices up. Sales were mixed: single‑family home sales were up about 3% from last year’s second quarter, but condo sales fell about 2%. For the year, sales in both houses and condos are down […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Northern New Jersey The housing market in the Northern New Jersey suburbs of New York City continued to develop as a fully‑realized seller’s market, with low levels of housing supply shackling sales growth but generally driving price appreciation throughout the region. The regional market continues to suffer from a lack of supply. The number of homes available has […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Bronx (Introduction Overview) With Better Homes and Gardens Rand Realty’s recent expansion into the Bronx, we are delighted to present the inaugural Rand Quarterly Market Report for Bronx County. We have been providing these quarterly market analyses for almost 15 years for the markets we service, which now include Westchester and the Hudson Valley, Northern New Jersey, and […]
Rand Country Blog Real Estate Market Report: 2nd Quarter 2018 – Dutchess County, NY Pricing in the Dutchess housing market spiked in the second quarter, as low levels of inventory, coupled with high demand, drove prices up. Single‑family home prices rose over 10% on average and 8% at the median for the quarter, with both the average and median now up over 6% for the year. The condo market […]