After 12 months of declining year-on-year home sales (due in large part to the post-tax credit hangover of last April), the middle of May saw NJ's first increase in the number of new contracts written. However, unsold inventory continues to be higher that last year's. In June, there were an average of 268 homes on the market in Montclair as [...]
Heard this weekend while showing some Montclair houses for sale: "disappointed by the kitchens in the current inventory of Montclair real estate - even some of those that have been renovated"
It seems today's Montclair home buyers expect more out of the kitchen than they did in years past. The dream kitchen of today is not just equipped with [...]
Despite both the state Assembly and Senate voting to approve a tax credit for NJ home buyers, Gov. Christie vetoed the program on July 23. The NJ Home Buyer Tax Credit Program would have allowed home buyers could claim a credit of either $15,000 or 5% of the home purchase price over the course of three years following the home purchase in [...]
If you are reading this, you are probably one of the 90% of buyers who searched for a home online this year. According to the National Association of Realtors only 37% performed this activity 10 years ago. Here are 7 stats that have changed - or not changed over the past [...]
One of the metrics that buyers use to judge a property is days-on-market (DOM). Days-on-market is important because it describes how long a property has been for sale without an accepted offer. After months of increases, many market areas in Essex County have seen DOM leveling off - a good sign for sure, but Nutley has seen a [...]
