Posted on

NJ PANDEMIC HOUSING SALES DOWN IN APRIL

Ridgewood_Real_estate_theridgewoodblog

the staff of the Ridgewood blog

Trenton, N.J. (May 28, 2020)—As expected, housing market numbers in April were down in almost every category, except price.

According to data aggregated by New Jersey Realtors from the eight multiple listing services in the state, while new listings, pending sales, closed sales, and homes for sale are down double digits, prices are stable and on the rise.

Continue reading NJ PANDEMIC HOUSING SALES DOWN IN APRIL

Posted on

NJ REALTORS: REAL ESTATE ACTIVITY SLOWS DUE TO PANDEMIC, PRICES REMAIN STABLE

realestate_forsale_theridgewoodblog

the staff of the Ridgewood blog

Trenton NJ, New Jersey Realtors housing data for March confirms the market has taken a hit due to pandemic restrictions in the state, but the true picture of the impact likely won’t be clear until the April and May data becomes available.

“When the restrictions began to be implemented in the beginning of March, there was still a lot of business in the pipeline,” said New Jersey Realtors Chief Executive Officer Jarrod Grasso. “You can tell from the data that this is not a typical March when we normally begin to see the spring selling season kick off.”

Continue reading NJ REALTORS: REAL ESTATE ACTIVITY SLOWS DUE TO PANDEMIC, PRICES REMAIN STABLE