Allison Ziefert Homes July 8, 2024
With a solid five months of data under our belts, it’s a great time to look at some market stats. Our big takeaway, prices are not slowing down a bit, despite rates hovering in the 7% range with no sign of the promised rate reductions in sight.
In the towns where we do most of our transactions, prices are up across the board in all towns but one – Millburn, where the average price was down YTD by 18%. In the other towns, they were up slightly, like in Short Hills by .45% or by a lot, like in Glen Ridge, where YTD prices climbed by over 35% from last year. South Orange and Maplewood prices were up by around 15%. West Orange by around 6%.
The reason is a lack of inventory. Buyers still need homes there are not a lot to choose from. Check out our latest market reports for more stats and details on our marketplace, and let us know if you have questions on what the latest data means for you.
Our latest market reports for multiple towns in our Northern New Jersey market are here.
Summer is here, and with it comes the vibrant and bustling farmers' markets that Essex, Morris, and Union communities love. These markets are more than just places to buy fresh produce—they are local traditions that bring Northern New Jerseyans together. Here’s a rundown of the top farmers' markets in our area that you won’t want to miss.
So, grab your reusable bags, bring your family, and make a day of it at one of our fantastic local farmers' markets. Whether you’re after the perfect summer tomato, a fresh loaf of bread, or just a fun outing, these markets are the place to be. Happy market shopping, neighbors!
If you are thinking of listing your house this spring, let us shoot your exterior photos while your landscaping is looking lush and colorful. Reach out if this is something you would like to arrange.
The Allison Ziefert Real Estate Group is a top-producing real estate team based at Compass in Short Hills, New Jersey. We are local market experts, specializing in real estate and homes in Maplewood, South Orange, Millburn/Short Hills, Montclair/Glen Ridge, West Orange, Morristown, and the surrounding New Jersey towns. We’ve also got you covered coast to coast with the best connections to top agents around the country in any market you are exploring. We are driven by earning great testimonials and referral business from happy clients.
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We are passionate about researching market stats, negotiating contracts, and helping our clients find and sell homes. The majority of our business comes from past clients and referrals from people who know our work.