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First Quarter 2017 Real Estate Market Report – Sussex County, New Jersey

Activity in the Sussex County housing market surged yet again in the first quarter of 2017, with sales up sharply even while prices retreated slightly after a strong showing last year. Sales. Sussex sales were up yet again in the first quarter, rising over 32% from last year. And for the year, sales increased over 19%, with almost 2,500 home sales representing the highest 12-month total in over 10 years. Indeed, Sussex sales are now up almost 120% from the […]

First Quarter 2017 Real Estate Market Report – Essex County, New Jersey

The Essex County housing market started the year strong, with another increase in sales activity finally showing some impact on pricing. Sales. Essex sales activity was up sharply from the first quarter of last year, rising almost 12% and driving the rolling year activity up almost 5%. Buyer demand has been inconsistent throughout the year, certainly not as strong as we are seeing in neighboring Northern New Jersey counties. But Essex closed over 5,000 units over the rolling year, the […]

First Quarter 2017 Real Estate Market Report – Morris County, New Jersey

The Morris County housing market got off to a strong start in 2017, with an increase in sales activity coupled with some promising signs for pricing. Sales. Morris County sales were up solidly, rising almost 9% from the first quarter of last year. This continued a streak in which year-on-year sales have now gone up for 10 straight quarters, over two years of sustained buyer demand. Transactions were also up 10% for the year, and are now up almost 60% […]

First Quarter 2017 Real Estate Market Report – Passaic County, New Jersey

The Passaic County housing market surged in the first quarter of 2017, with sales spiking and prices showing their first signs of meaningful appreciation in years. Sales. Passaic started the year dramatically, with sales spiking almost 30% from the first quarter of last year. We’ve now seen sustained increases in buyer demand for over five years, with quarterly sales up in 21 out of the last 23 quarters. As a result, Passaic closed almost 3,500 homes for the calendar year, […]

First Quarter 2017 Real Estate Market Report – Bergen County, New Jersey

The Bergen County housing market showed continued signs of emerging into a strong seller’s market, with declining inventory holding sales back even while driving prices up dramatically. Sales. Bergen single-family home sales were up about 1% from last year’s first quarter, the tenth straight quarter of year-on-year sales growth. For the rolling year, sales were up a little more robustly, rising 7%. What’s holding sales back right now is not a lack of demand, but a lack of inventory. If […]

First Quarter 2017 Real Estate Market Report – Northern New Jersey Market Overview

The Northern New Jersey housing market surged ahead in the first quarter of 2017, starting the year with a dramatic increase in home sales coupled with modest-but-meaningful signs of 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 the Spring and the rest of 2017. Sales surged throughout the region. All the Northern New Jersey markets got off to a strong start to the year, […]

First Quarter 2017 Real Estate Market Report – Dutchess County, New York

The Dutchess County housing market struggled through the first quarter of 2017, with sales and prices down after a strong 2016. We believe that this is just a short-term retreat in what will be a strong year for the market. Sales. Dutchess sales were surprisingly down in the first quarter. Transactions fell over 7%, the first time we have seen year-on-year sales go down in almost three years. For the year, sales are still up over 6%, but the current […]

First Quarter 2017 Real Estate Market Report – Putnam County, New York

The Putnam County housing market surprisingly struggled through the first quarter of 2017, with sales and prices both down, even while the rest of the Hudson Valley was up. We believe this is a short-term blip in the data, and that Putnam is poised for better results in 2017. Sales. Putnam single-family home sales were down over 6% for the quarter, only the second time quarterly sales have fallen in five years. For the year, sales were up over 12%, […]

First Quarter 2017 Real Estate Market Report – Orange County, New York

The Orange County housing market started off 2017 with a bang, showing clear signs of an emerging seller’s market. Not only were sales up yet again, but prices showed the first meaningful signs of appreciation in over 10 years. Sales. Orange sales surged again, rising over 8% from last year’s first quarter. This continued a trend we’ve been watching for over five years, with quarterly sales now up in 10 straight quarters and in 19 out of the last 20. […]

First Quarter 2017 Real Estate Market Report – Rockland County, New York

The Rockland County housing market simply exploded in the first quarter of 2017, with a surge in sales and prices that drove the market to levels we have not seen since the height of the last seller’s market. Sales. Single-family home sales spiked in the first quarter, rising almost 24% from last year, marking the ninth time out of the last 10 quarters with sales increasing from the prior year quarter. Indeed, the 2,132 sales over the past rolling year […]

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Older Posts

First Quarter 2017 Real Estate Market Report – Sussex County, New Jersey

First Quarter 2017 Real Estate Market Report – Essex County, New Jersey

First Quarter 2017 Real Estate Market Report – Morris County, New Jersey

First Quarter 2017 Real Estate Market Report – Passaic County, New Jersey

First Quarter 2017 Real Estate Market Report – Bergen County, New Jersey

First Quarter 2017 Real Estate Market Report – Northern New Jersey Market Overview

First Quarter 2017 Real Estate Market Report – Dutchess County, New York

First Quarter 2017 Real Estate Market Report – Putnam County, New York

First Quarter 2017 Real Estate Market Report – Orange County, New York

First Quarter 2017 Real Estate Market Report – Rockland County, New York