Thirty-Four Days Is the Number Everyone Quotes. It Only Counts the Houses That Sold.
Thirty-Four Days Is the Number Everyone Quotes. It Only Counts the Houses That Sold. In Essex County, 312 homes listed between $600,000 and $1.1 million closed this summer at a median 110% of list — while 38 of the 182 still for sale have been on the market sixty days or more, and most of those have
A Move-Up Isn't a Bet on Where Prices Go. It's a Plan for the Four Weeks in the Middle.
A Move-Up Isn't a Bet on Where Prices Go. It's a Plan for the Four Weeks in the Middle. Rates and prices are both sitting still — which quietly changes the move-up question from "when should I sell?" to "which transaction happens first?" Rate & Market Pulse Everyone waiting to move up is watching tw
New Jersey Loosened to 2.6 Months. The Average Is Hiding Your Market.
Statewide months of supply rose from 2.2 to 2.6 in July — the first genuine loosening this cycle. But a statewide average is a blunt instrument. Underneath it, the entry market cooled hard, the top end went its own way, and Essex single-family between $600K and $1M still sold at a median 111% of lis
Bergen County's $1M–$1.5M Buyers Aren't Waiting for Rates to Drop
Bergen County's $1M–$1.5M Buyers Aren't Waiting for Rates to Drop Everyone assumes higher mortgage rates cool demand. Bergen County's $1M–$1.5M buyers didn't get the memo. Rate & Market Pulse Mortgage rates just hit another high. The surprising part isn't the rates — it's what buyers are doing anywa
Eric DeSilva
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