The proposed change I mentioned last week is no longer just talk, it’s official.

Some projects take a little vision. Others take a lot. This one needed both and has become one of the nicest homes in town!

Why Buyers Feel More Confident Paying More… When Others Do Too

Every buyer today knows home prices are high. Like everything else, the cost of living has gone up, and housing is no exception. Buyers accept that reality, but that doesn’t mean they want to feel like they’re overpaying either. And honestly, who would?

Inventory Still Dropping Below 2024

We're still seeing housing inventory below 2024 but the numbers aren't running away across NNJ. Essex county is just about the same as last year, Bergen county gained 4%, Hudson gained 9%, and Passaic county gained 5% from last week. With the improved economic news, I think we will see these numbers rise above 2024 levels again in the next few weeks.

A Note to Buyers

Northern NJ Market Review

The housing market, so far, seems to be unphased by the volatility in the market. Even with mortgage interest rates reaching nearly 7% again, the stock market sliding, and economic uncertainty.

Market Review:

Whether you are a first time buyer or a seasoned investor looking to purchase more properties, you can succeed in finding a home with the right strategy and mindset, even in this market. Below are a few tips to help you reach your goal of purchasing a home.

1. Understanding the asking price

I’m incredibly proud to share that one of my recent listings was featured in a NJ.com article, highlighting the extraordinary interest in the sale of this multi-family property in Garfield, New Jersey.

The latest inflation numbers just came in, and it looks like we’re still heading in the right direction. The annual inflation rate dropped to 2.4% year over year, down from 2.8% in February. That’s the lowest it’s been in four years and the Feds continue to aim for a 2% inflation goal in order to cut interest rates again. The primary reason for this drop is being credited to a decline in gas prices, which helped ease pressure in multiple areas.

New Listing Option for Sellers – Starting March 25, 2025

Starting March 25, 2025, home sellers will have a new option when listing their property: the ability to delay public marketing while still sharing the home privately with agents within the MLS.

This change gives sellers more control over how and when their home hits the market, offering more flexibility and strategic options during the listing process.

Why This Matters

Here are a few key reasons this change could benefit sellers: