Posted on

Realtor.com®’s February Housing Data: Buyers Face Affordability Constraints

realestate_forsale_theridgewoodblog

the staff of the Ridgewood bnlog

Ridgewood NJ, according to Realtor.com®’s February housing data, the inventory of homes for sale continued to grow, driven by homes spending more time on the market as buyers continued to face affordability constraints. A few larger metros also saw inventory increase above pre-pandemic levels. Selling activity continued to decline, with fewer newly listed homes compared to last year, despite an uptick in seller sentiment seen in January.

Continue reading Realtor.com®’s February Housing Data: Buyers Face Affordability Constraints

Posted on

New Jersey Real Estate New Listings, Pending Sales Back on Track for Summer

for sale Ridgewood_Real_Estate_theRodgewopodblog

file photo by Boyd Loving

the staff of the Ridgewod blog

Ridgewood NJ, Pending home sales in June outpaced last June by more than 30 percent, a clear indication the housing market is returning to normal levels. Pent-up demand through the lockdown months have likely pushed normal spring activity into the summer.

Continue reading New Jersey Real Estate New Listings, Pending Sales Back on Track for Summer