Access Bergen and Morris County, NJ Real Estate Data
Home sellers wants to hear that their home sold quickly and for the most money. In addition to the planning, the home staging and the successful home marketing that go into selling a home, understanding current real estate trends is key to getting a home sold for the best price.
Those interested in Bergen and Morris County real estate market data now have immediate access to information about current housing trends. Each community in our area — Allendale, Franklin Lakes, Mahwah, Montvale, Oradell, Paramus, Ramsey, Ridgewood, Upper Saddle River, Woodcliff Lake and Wyckoff — has its own real estate market, and we can help you understand which trends can help you sell your home for more money.
This Market Data Includes the Key to Your Home Sale
We offer town by town market data that includes total inventory, median list price, percent of distressed properties on the market, median square footage of homes on the market, median cost per square foot of homes on the market, month by month number of price reductions, new listings and sold/expired listings.
These statistics can tell us whether it is a buyer's or seller's market, how much your home could sell for, and how quickly your home could sell for.
Access the Latest Bergen and Morris County Market Data Here
We have provided this market data for your convenience. If you have any questions about this data at any time, contact the Adler Home Team for the answers you're looking for.
And when you're ready to sell your home, it's easy. All you have to do is fill out a simple form and we will work with you to achieve your home selling goals.
Important Terms to Know
- Seller's Market: In a market with rising home values, if a seller wants a price that’s ahead of the market, the market may go up enough to make that price attractive for buyers. Time can cure some mistakes and make people look smart.
- Buyer's Market: If sellers fall behind a market with falling home values, they can end up chasing the market down, because home values are always falling faster than their price reduction.
Affordability has been declining since January as prices continue to outpace wage growth.
Affordability definition: A value of 100 means that a family earning the median income has exactly enough income to qualify for a mortgage on a medium-priced home. An index above 100 signifies that a family earning the median income has more than enough income.
Annual Home Price
Home price appreciation has averaged 7% since 2011 and looks on track to be close to that this year if appreciation does not slow down. Prices should move back into the 4%-6% range in the near future, and higher interest rates will contribute to the return of slower appreciation.
Contact The Adler Home Team for More Information
Want to learn more about the New Jersey real estate market or about selling your home? Just contact us!