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2024

Market Insights

Northern New Jersey

Latest Issue — Spring 2024 Report

A MESSAGE FROM OUR CEO

"A Spring Shift"

So far this year, market activity in our area has remained similar to last year: There are still more buyers than sellers, the inventory of homes for sale remains tight, and average sales price continues to rise. This is a market that can be challenging for potential buyers, but rewarding to sellers, who have an advantage if their properties show well and are priced right. However, we are in the midst of what could be a considerable shift in the spring market. Learn what all this means to Northern New Jersey market in the latest version of Market Insights.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q3 2022 compared to Q3 2021

-3.4%
Home Sales
-13.45%
Pending Sales
-17.73%
Number of Houses for Sale
+4.5%
Average Sale Price