I wrote an article last week for TAPinto-Wayne and came across some interesting statistics while analyzing the inventory and pricing challenges in the area. Wayne is a great town to use as a benchmark for Northern NJ, given its size, location, and current population.
Listing Per Month in Wayne NJ (Average)
-
2018 – 2019 Average Listings: 226 homes per month
-
2023 – 2024 Average Listings: 63 homes per month
-
Overall decrease: 72%
This data underscores just how drastically inventory levels have changed—and why today’s market remains so competitive for buyers and why homes are selling for extremely high amounts.
Other Market Snippets:
-
Fair Lawn went 6 days without a new listing
-
Woodland Park had only 1 home for sale, and it was 50 days on the market.
-
Paramus has 13 homes for sale that are less than 30 days old, four are listed over $2 million.
-
Rutherford has only 5 homes for sale, none less than 21 days on the market.
See my column at TAPinto-Wayne
If you have any questions about the market in your area, feel free to reply to this email or call me.
| 
