Inventory ticking up, but NJ market absorbs it

From NorthJersey.com:

How North Jersey’s real estate market performed in September as interest rates decline

How much has North Jersey’s housing inventory changed?

Eighteen of New Jersey’s 21 counties had an increase in new listings compared with September 2023, and 14 counties saw more listings compared with August.

In North Jersey, Sussex was the only county to see a decrease in new listings from this time last year. With 192 new listings, the county saw a 11.11% decrease from September 2023. Otherwise, all other North Jersey counties saw new listings increase from last year:

  • Bergen: 866 (37.03%).
  • Passaic: 278 (0.72%).
  • Morris: 496 (10.71%).
  • Essex: 522 (29.21%).
  • Hudson: 482 (10.55%).

How long are North Jersey homes staying on the market?

Compared with September 2023, 11 counties had active listings stay on the market for a longer period. Similarly, active listings stayed on the market longer in 11 counties when compared with August 2024.

The North Jersey counties of Morris, Sussex and Hudson had homes stay on the market for more days in September than this time last year, while Bergen, Passaic and Essex had homes stay on the market for fewer days.

  • Bergen: 33 days (-18.13%).
  • Passaic: 34 days (-8.11%).
  • Morris: 37 days (10.61%).
  • Essex: 33 days (-8.33%).
  • Sussex: 42 days (5.06%).
  • Hudson: 43 days (8.97%).

What about North Jersey median home prices?

Of New Jersey’s 21 counties, 18 had an increase in median listing prices from September 2023. And when compared with August 2024, 12 counties had an increase in median listing prices and one county stayed the same.

In North Jersey, Bergen was the only county to see a decrease in median listing prices compared with this time last year. Bergen County had a 0.97% decrease, with a median listing price of $780,749. Otherwise, all other North Jersey counties saw prices increase.

  • Passaic: $540,000 (12.73%).
  • Morris: $724,424 (3.93%).
  • Essex: $577,500 (12.57%).
  • Sussex: $432,500 (12.34%).
  • Hudson: $665,000 (7.53%).
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37 Responses to Inventory ticking up, but NJ market absorbs it

  1. FTW says:

    Absorb this….

  2. Fast Eddie says:

    In North Jersey, Bergen was the only county to see a decrease in median listing prices compared with this time last year.

    Disinformation!

  3. grim says:

    Overnight, Milton became the 5th strongest Atlantic hurricane in recorded history.

  4. Very Stable Genius says:

    Marco Rubio voted against funding for FEMA

    grim says:
    October 8, 2024 at 7:41 am
    Overnight, Milton became the 6th strongest Atlantic hurricane in recorded history.

  5. Phoenix says:

    Red states are smart. They cry and don’t pay in. But they know that in the end the welfare check will come in the form of a pity party.

    It’s just the way life works.

  6. Phoenix says:

    Bruce Springsteen supports Kamala Harris.

    https://x.com/MarkHamill/status/1842970431592247495

  7. grim says:

    You got makers, and you got takers. Them’s the takers. They love socialism in practice, just don’t call it that. Pride I guess? Nobody proud of taking a handout.

  8. Phoenix says:

    Florida and North Carolina, full of Americans won’t be getting any help.

    On the other hand, Green Shirt Guy Zelenskyy gonna get huge American tax payer money flowing like a river into his pockets.

    I really don’t understand why Americans are proud of their country. It’s like they are masochists. It’s government treats foreigners better than it’s own people. It’s government allows it’s corporations to azz rape it’s own citizens on things like medications they need while they supply them to foreigners for one tenth the price.

    Good luck Florida, you are going to need it.

  9. Phoenix says:

    Anna Paulina Luna. She just voted against $20 billion for FEMA disaster relief funding. Her district will be one of the areas hardest hit by the Category 5 Hurricane Milton.

    The old codgers will throw her a bone just because of her looks. When she comes begging for money they will be all over each other trying to take her out to dinner.

  10. Phoenix says:

    Hehe. Well played China. Spy vs Counter Spy. They used the equipment Americans placed in systems to spy on other Americans. Hehe.

    Guess they just lubed America’s self placed backdoor and slid right into her DM when she was sleeping.

    Chinese hackers accessed the networks of U.S. broadband providers and obtained information from systems the federal government uses for court-authorized wiretapping, the Wall Street Journal reported on Saturday.
    Verizon Communications (VZ.N), opens new tab, AT&T (T.N), opens new tab and Lumen Technologies (LUMN.N), opens new tab are among the telecoms companies whose networks were breached by the recently discovered intrusion, the newspaper said, citing people familiar with the matter.
    The hackers might have held access for months to network infrastructure used by the companies to cooperate with court-authorized U.S. requests for communications data, the Journal said. It said the hackers had also accessed other tranches of internet traffic.

  11. Phoenix says:

    Why we celebrate black squirrels, but think of gray ones as pests.

    Article in today’s paper.

    Squirrel racism. Hehe.

  12. Phoenix says:

    Now that is one hell of a lesson plan. She must have been as hot for him as Hurricane Milton is for Florida. Hehe.

    The staggering number of explicit text messages a Wisconsin elementary school teacher is accused of exchanging with an 11-year-old boy has been revealed.

    Madison Bergmann, 24, sent an astonishing 33,000 racy texts to the young boy earlier this year, school resource officer Traci Hall testified at a preliminary hearing in St. Croix County Circuit court on Monday, according to the New York Post.

    Those text messages became more sexually explicit as Bergmann and the student’s conversations continued, eventually becoming so X-rated that the teacher bowed her head in shame when they were read in court.

    Bergmann, who was dumped by her fiancé for her repulsive actions, is now facing 10 felony charges, including first-degree child sex assault, child enticement and multiple counts of sexual misconduct.

    But her attorneys have argued that the charges should be dropped, claiming that the text messages weren’t specific enough to prove they touched each other.

  13. Hold my beer says:

    Phoenix

    APL would never be in Twice

  14. Hold my beer says:

    Freedom fighter? Or auditioning for expendables 8?

    72 year old American sentenced to 7 years in jail in Russia for fighting in Ukraine as mercenary.

    https://www.yahoo.com/news/russian-court-sentences-72-old-091441942.html

  15. Phoenix says:

    HMB

    Agreed. But she is an attractive woman.

  16. FTW says:

    “Florida and North Carolina, full of Americans won’t be getting any help.”

    When the Daily Mail is your news source.

  17. BRT says:

    I saw a white squirrel last year. Snapped a photo. In my town we have a 50 50 mix of black squirrels vs grey

  18. Very Stable Generation says:

    The Greatest Generation sacrificed so much,
    but the Boomer generation is all greed, selfishness and hate.

    Phoenix says:
    October 8, 2024 at 8:14 am
    Red states are smart. They cry and don’t pay in. But they know that in the end the welfare check will come in the form of a pity party.

    It’s just the way life works.

  19. 3b says:

    Hysteria last night on the blog, because I noted comparing Iran to project 25 was a stretch. Even a mild comment like that can cause hysteria. Must be MAGA, that’s the answer to everything. For those interested there is an opinion piece in the WSJ by the editorial board, on just how the Democrats are manipulating the abortion issue.

  20. FTW says:

    A reminder that the only thing people like Phoenix can do is make a bad situation worse. Healthcare is the perfect vocation for him.

  21. Phoenix says:

    Same. I don’t think white ones last long, it was easily visible in the brush.

    BRT says:
    October 8, 2024 at 9:23 am
    I saw a white squirrel last year. Snapped a photo. In my town we have a 50 50 mix of black squirrels vs grey

  22. Fast Eddie says:

    Funding FEMA: Maybe if it was used exactly as intended, more would vote for it. That holds true for a lot of government programs.

  23. Fast Eddie says:

    I saw a white squirrel last year. Snapped a photo. In my town we have a 50 50 mix of black squirrels vs grey.

    The black and grey squirrels represent the inner city and it’s blight on humanity while the white privileged squirrels flee to leafy suburbs in outer white-landia. Do I have it correctly?

  24. EddieTheWhiteSquirrelShouldRemember FatDumbUglyIsNoWayToGoThruLife says:

    White Squirrel Eddie,

    You don’t have a grasp on squirrel society. They are way meaner than humans.

    The white squirrel is the equivalent of a red neck maga and their wannabes. Because the white squirrels physically stick out like a 400lbs dude trying to lift his right leg into a lifted F250 truck.

    White squirrels are really really dumb, like going out for a meal while all the animals are hiding because of the hawks overhead, just like a 400lbs dude not protecting itself in prime pandemic time.

    That is why they are so rare, they are fat and dumb and nature ensures they don’t survive. Why do I get the feeling you are identifying with the white squirrels?

  25. Chicago says:

    Saleh is toast

  26. Libturd says:

    As usual. I blame ownership.

  27. Fast Eddie says:

    Surprised at the firing. Saleh didn’t have stability at the QB position. Why not let it play out?

  28. BRT says:

    Phoenix, this one lasted long because he was in a warehouse lot. He blended in with all the white coffee cups on the ground. I am certain of this. Apparently there is a town in Illinois that has a ton of them.

  29. FTW says:

    Olney, IL

  30. Very Stable Genius says:

    Funniest thing in here is the KKK asking for the Jewish vote.

  31. Libturd says:

    That’s populism.

    There once was a time when I would have believed much of the Trump bullshit. Perhaps back in grade school.

  32. FTW says:

    Putin, petrified of the virus, accepted the supplies but took pains to prevent political fallout — not for him, but for his American counterpart. He cautioned Trump not to reveal that he had dispatched the scarce medical equipment to Moscow, according to a new book by Washington Post associate editor Bob Woodward.

  33. FTW says:

    Four years later, the personal relationship between the two men appears to have persisted, Woodward reports, as Trump campaigns to return to the White House and Putin orchestrates his bloody assault on Ukraine. In early 2024, the former president ordered an aide away from his office at Mar-a-Lago, his private club and residence in Florida, so he could conduct a private phone call with the Russian leader, according to Woodward’s account.

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