Rand Country Blog

Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Morris County Overview The Morris County housing market finished 2017 with strong signs of meaningful price appreciation, even while low levels of inventory continued to stifle sales growth. Sales. Reduced inventory continued to hold back Morris sales growth, with transactions down almost 3% for the quarter, breaking a streak of 12 straight quarters of year‑on‑year sales growth. That […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Passaic County Overview The Passaic County housing market finished the 2017 year strong, with solid increases in sales and prices, and clear signs of a developing seller’s market. Sales. Passaic sales were up again in the fourth quarter, rising over 4% and up over 11% for the 2017 calendar year. We’ve now seen sustained increases in buyer demand […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Bergen County Overview The Bergen County housing market slowed a bit in the fourth quarter, but still finished the year with meaningful price appreciation and remarkably low inventory levels. Sales. Home sales were down slightly, falling over 4% from the fourth quarter of 2016, which marked the first quarterly decrease in sales in over three years. And for […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Northern New Jersey Overview The Northern New Jersey housing market finished 2017 strong, with prices up even while declining inventory throughout the region stifled sales growth. With demand high, and available homes low, we believe that homeowners will continue to enjoy price increases throughout 2018. Regional sales were up, but not in every county. Regional sales were up slightly […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Dutchess County Overview The Dutchess County housing market finished the year strong, with the first clear signs of meaningful price appreciation in years. Sales. Dutchess sales rose slightly in the fourth quarter, up just about 1%. For the year, sales were down over 4%, which reflects low levels of inventory more than a lack of demand. Dutchess definitely […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Putnam County Overview The Putnam County housing market finished 2017 with a flourish, as low levels of inventory drove prices up dramatically. Sales. Putnam single‑family home sales were up a tick for the quarter, following three straight quarters of decline. For the calendar year, sales were down over 7%, marking the first time in over five years where […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Westchester County Overview The Westchester housing market finished strong in 2017, with a surge in prices even while a lack of inventory held back sales growth. Sales. Home sales were up just a tick, rebounding a bit from their sudden decline in the third quarter. You can see the continued impact of a lack of inventory, though, with […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Orange County Overview The Orange County housing market surged again in the fourth quarter of 2017, finishing a robust year with a flourish. Sales. Orange sales spiked in the fourth quarter, rising almost 15%. Quarterly transactions have now gone up in 13 straight quarters and 22 out of the last 23. Similarly, sales were up almost 8% for […]
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Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Rockland County Overview The Rockland County housing market capped off a strong 2017 with a robust finish, with both prices and sales up significantly in the fourth quarter. Sales. After a decline in the third quarter, sales roared back in the fourth, rising almost 11%. This drove the yearly transaction total up almost 5% for the year, marking […]
Rand Country Blog Fourth Quarter 2017 Real Estate Market Report: Westchester & Hudson Valley Market Overview The housing market in Westchester and the Hudson Valley finished the year strong in the fourth quarter of 2017, with meaningful price appreciation throughout the region driven by low inventory and high demand. Although sales have slumped a bit due to the lack of available homes for sale, rising prices might tempt new sellers to […]
Rand Country Blog Homes in Northern New Jersey Are STILL Cheaper Than They’ve Been in a Generation Right now is a really great time to be buying a home in Northern New Jersey Man, do I hate saying that. As I’ve explained before, I hate the phrase “great time to buy,” for a couple of reasons. First, people have different needs, and a market that’s great for one person might be terrible […]
Rand Country Blog Homes in Westchester and the Hudson Valley are STILL Cheaper Than They Have Been in a Generation Right now is a really great time to be buying a home in Westchester or the Hudson Valley. Man, do I hate saying that. As I’ve explained before, I hate the phrase “great time to buy” for a couple of reasons. First, people have different needs, and a market that’s great for one person might […]
Rand Country Blog Third-Quarter 2017 Real Estate Market Report: Sussex County Market Overview Activity in the Sussex County housing market surged yet again in the third quarter of 2017, with sales up sharply even while prices continued to struggle. Sales. Sussex sales were up yet again in the third quarter, rising over 17% from last year and now up over 22% for the year. The 2749 closings represented […]
Rand Country Blog Third-Quarter Real Estate Market Report: Essex County Market Overview The Essex County housing market slowed a touch in the third quarter of 2017, with sales up a bit but prices mixed. Sales. Essex sales activity was up again, rising almost 4% from the third quarter of last year. This continues a trend that’s been developing for a while, with the rolling year sales up […]
Rand Country Blog Third-Quarter 2017 Real Estate Market Report: Morris County Market Overview Prices in the Morris County housing market showed more signs of life in the third quarter of 2017, even while low levels of inventory continued to stifle sales growth. Sales. Morris County sales were up just a tick, continuing a streak in which year‑on‑year sales have now gone up for 12 straight quarters, three full […]
Rand Country Blog Third-Quarter 2017 Real Estate Market Report: Passaic County Market Overview The Passaic County housing market surged in the third quarter of 2017, with both sales and prices showing signs of a strong seller’s market. Sales. Passaic sales were up again in the third quarter, rising over 8% and now up over 13% for the rolling year. We’ve now seen sustained increases in buyer demand for […]
Rand Country Blog Third-Quarter Real Estate Market Report: Bergen County Market Overview Prices in the Bergen County housing market rose again in the third quarter of 2017, even while declining inventory stifled sales growth. Sales. With inventory continuing to decline, Bergen lacks “fuel for the fire” to satisfy the existing buyer demand. As a result, home sales were relatively flat again, up only about 1% from last […]
Rand Country Blog Third-Quarter 2017 Real Estate Market Report: Northern New Jersey Market Overview The Northern New Jersey housing market surged again in the third quarter of 2017, with another increase in sales and modest-but-meaningful price appreciation. With inventory levels continuing to fall throughout the region, we expect that sustained buyer demand will drive a robust seller’s market through rest of the year and into 2018. Sales surged throughout […]
Rand Country Blog Third-Quarter 2017 Market Report: Dutchess County Market Overview The Dutchess County housing market showed clear signs of an emerging seller’s market in the third quarter of 2017, with a lack of inventory constricting growth but driving prices up. Sales. Dutchess sales were down again in the third quarter, more a reflection of falling inventory in the market than a decline in buyer demand. […]
Rand Country Blog Third-Quarter 2017 Market Report: Putnam County Market Overview The Putnam County housing market slowed a bit in the third quarter of 2017, with sales falling and prices mixed. Sales. Putnam single‑family home sales were down almost 10% for the quarter, the third straight quarter of a significant decline in transactions. After over five years of steadily increasing sales, Putnam is now seeing the […]