December Real Estate Trends: A Look at North Jersey's Market
January 4, 2025 - 13:11
December marked a significant milestone in North Jersey's real estate landscape, as it represented the 14th consecutive month of growth in home inventory across the region. This trend highlights a shift in the market dynamics, providing buyers with more options as they navigate their purchasing decisions.
Homes in North Jersey remained on the market for an average of approximately 70 days, reflecting a slower pace compared to previous years. This extended duration suggests that potential buyers are taking their time to evaluate properties, influenced by rising interest rates and economic uncertainties.
Despite the increase in inventory, home prices have shown resilience, maintaining a level of stability that continues to attract both first-time and seasoned buyers. The market's current state indicates a transitional phase, where the balance between supply and demand is evolving. As we move into the new year, industry experts will be closely monitoring these trends to gauge the overall health of the North Jersey real estate market.
MORE NEWS
January 26, 2026 - 05:03
Malibu, California's Newest Power Couple: Kamala Harris And Doug Emhoff Snag $8M Point Dume EstateVice President Kamala Harris and Second Gentleman Doug Emhoff have finalized the purchase of a high-profile estate in Malibu, California. The couple secured the property in the exclusive Point Dume...
January 25, 2026 - 02:46
Mattson investors approve liquidation plan amid new objections from some partiesA pivotal vote this week saw investors approve a liquidation plan for the bankrupt remnants of the Mattson companies, even as a fresh wave of objections from a splinter group of creditors threatens...
January 24, 2026 - 03:14
Judge Dismisses Case Against Real Estate Developer Charged With BriberyA New York judge has dismissed one of five criminal indictments against Eric Ulrich, the former buildings commissioner under Mayor Eric Adams. The dismissed case centered on allegations that Ulrich...
January 23, 2026 - 21:37
Portland homes for sale with ADU potentialA growing trend is emerging in Portland`s real estate market, with prospective buyers increasingly prioritizing homes that offer the potential to build an Accessory Dwelling Unit (ADU). This surge...