Learn the key stats on the housing market across Northern New Jersey. Including home appreciation, timing & more.
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Stacy EsserDiscover the thrilling developments in the Eastern Bergen County real estate market with insights from our MLS. Learn about inventory changes, price trends, and what to expect this spring. Join us as we explore unique properties and expert tips for buyers and sellers!
Stacy EsserIn this video, we explore the potential impact of New Jersey's proposed mansion tax, which could raise real estate transfer fees for homes valued over $1 million.
Stacy EsserAre 7% mortgage rates slowing down the housing market? Not in Eastern Bergen County! Despite higher rates, home prices in Tenafly, Cresskill, Demarest, Haworth, and Closter continue to rise, with median values increasing by up to 13% year-over-year. Inventory remains low, keeping us in a strong seller’s market, and homes are selling close to asking price.
Stacy EsserIn this month's Northern New Jersey Market Update, Stacy Esser of the Stacy Esser Group analyzes the impact of 7% mortgage rates on buyer demand and market appreciation. Despite a 3% decline in new listings, pending sales have surged by 15%, indicating strong buyer activity. With an 8.3% increase in new listing prices and a 13% rise in median sale prices, the market remains a sellers' paradise.
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