Countryside Homes NJ Real Estate Blog
Market Trends

Current Market Overview Warren County, NJ, continues to exhibit a strong real estate market as of May 2024, characterized by increasing property values and a competitive environment favoring sellers. Key indicators such as the median sold price, the list-to-sold price ratio, and inventory levels present a robust market with significant buyer interest. Market Dynamics Median Sold Price: The median sold price for properties in May 2024 stood at $408,000, marking a slight increase of 0.74% from the previous month. This trend highlights a steady appreciation in property values, making Warren County an attractive area for investors and homeowners alike. List-to-Sold […]

Current Market Overview As of May 2024, Sussex County’s real estate market remains vibrant and dynamic, presenting several interesting trends and opportunities for both buyers and sellers. The data reflects a robust seller’s market, characterized by high demand and swiftly moving inventory. Key Data Points Property Values: The median estimated property value has shown a steady increase, reaching $425,090, marking an 11.7% increase over the past year. This uptrend suggests strong market health and growing buyer interest in the area. Sales Activity: The median sold price for properties was $390,000, a 2.5% increase from the previous month. Notably, the average […]

Current Market Overview As of May 2024, Morris County, NJ, is experiencing a robust real estate market, leaning towards a seller’s market across various property types, including single-family homes, condos, townhouses, and apartments. Key Data Points Median Sold Price: There’s a noticeable increase, with the median sold price reaching $705,000, marking a 10.16% month-over-month growth. This indicates strong buyer demand and a competitive market. List to Sold Price Ratio: Properties are selling for 106.7% of their list price on average, slightly up by 0.97% from the previous month, suggesting that many homes are selling above their asking price. Median Days […]

June is a bustling time in the housing market, with many people looking to buy and sell homes. If you’re planning a move this month, here’s what you need to know to be prepared. If You’re Buying This June June is a popular time for families to move, especially those with children, since they prefer to relocate between school years. This means you’ll likely face more competition from other buyers. However, the good news is that more homes will be listed for sale during this time, giving you more options to choose from. According to Bankrate: “Late spring and early […]

The past couple of years have been challenging for home buyers due to the limited number of available homes. However, the situation is beginning to improve. This year, the housing market is seeing an increase in available homes. The graph below, based on the latest data from Realtor.com, shows that in April 2024, there were more homes for sale compared to the past few years (2021-2023): As Realtor.com states: “There were 30.4% more homes actively for sale on a typical day in April compared with the same time in 2023, marking the sixth consecutive month of annual inventory growth.” But […]

If you’re planning to move this year, two key housing market factors are likely on your mind: home prices and mortgage rates. You’re probably wondering what the future holds and whether it’s better to act now or wait. The best approach is to base your decision on the latest information. Here’s what experts are saying about both home prices and mortgage rates: What’s Next for Home Prices? A reliable source for home price forecasts is the Home Price Expectations Survey from Fannie Mae – which gathers insights from over one hundred economists, real estate experts, and market strategists. According to […]