Northern NJ Market News

Joseph Charles | NJ Realtor

 
JUST LISTED HOMES
JUST LISTED CONDOS
JUST REDUCED

Market Data by County

Data From 09/23/24 - 10/20/24

NJ

County

New

Listings

Median

Sale Price

Days On Market/YoY

BERGEN

180 (6%)

$715k (11%)

70 / -4

ESSEX

125 (-1%)

$607k (9%)

32 / -12

PASSAIC

77 (-9%)

$554k (9%)

34 / -2

MORRIS

110 (7%)

$624k (5%)

22 / 1

HUDSON

123 (15%)

$659k (2%)

40 / -1

*ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN

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Selling To Buy

First and foremost, in a seller's market, it can be challenging to have a homeowner accept your offer with a contingency. Sellers understand that for their home to close with you, your buyer must first close on your home. This introduces an entire new transaction that they cannot control, making it less likely for them to select your offer, even if it’s the highest number they receive.


To avoid this issue, it's best to have your home listed and secure an accepted offer. Ideally, your transaction should be beyond the inspection phase so that both you and your buyer have addressed any concerns about the home. This makes your contingent offer much more appealing, as it is now more likely to close. Plus, you’ll have a finalized number to work with.


If you have any further questions on this topic, feel free to reach out to me anytime. I have a full guide I can also send you.


If you have any questions about the market in your area, feel free to reply to this email.

Comparing the U.S. Market to New Jersey

U.S. vs New Jersey

# of Homes For Sale

Median Sale Price

U.S.

+13.8%

+3.9%

New Jersey

+7.6%

+9.4%

Today's Mortgage Rates : Daily Index

View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home. Follow our daily market analysis with Mortgage Rate Watch and we'll tell you where and why rates are moving.

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All Northern NJ Homes For Sale!

Mortgage Rates: Compare Today's Rates | Bankrate

Compare personalized mortgage and refinance rates today from our national marketplace of lenders to find the best current rate for your financial situation.

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Fall Activities to Do in New Jersey

Things to do this weekend in North Jersey: Live music, Halloween events, more Oct. 24-27

Whether you prefer to be indoors or outdoors, you can enjoy music, art, theater and more in North Jersey this weekend, Oct. 24 to Oct. 27.

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Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

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28 Valley Rd Suite 1, Montclair, NJ 07046

office: 866-201-6210 ext 2259

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