New Jersey Loosened to 2.6 Months. The Average Is Hiding Your Marke...
NJ months of supply rose 2.2 to 2.6 in July 2026 - but the statewide average hides the range: one Essex tier sold at a median 111% of list in 14 days.
NJ months of supply rose 2.2 to 2.6 in July 2026 - but the statewide average hides the range: one Essex tier sold at a median 111% of list in 14 days.
New Jersey sellers cut 5,270 prices last month. In Morris County's $1.5M-$2M band, 83% of homes still sold at or above asking. The gap, explained.
New NJMLS data on 791 Bergen County $1M–$1.5M transactions: 1.7 months supply, 13-day median DOM, 78% selling at or above ask — even as mortgage rates climb past 6.7%.
Last fall’s data says wait — and it was worth about $32,000.
In July 2026, Montclair saw 38 of 45 closed sales go over asking, and every one of Glen Ridge's 11 closings cleared list price. One Montclair sale closed $805,000 over ask — but seven other closings that same month landed at or under list.
In July 2026, Nutley closed 28 home sales. Below $800,000, 19 of 23 sold over asking; above it, only 1 of 5 did. Two homes on Irving Place, listed weeks apart, showed exactly what that line costs a seller who guesses wrong.
Morris County's $1.2M–$1.5M buyers aren't fazed by rising rates. GSMLS data shows flat pricing, 15-day DOM, and thin inventory, unchanged from last year.
Montclair homes in the $1M–$1.5M tier are selling ~$300K over list, and most were listed under $1M. What that means for buyers setting a search filter. GSMLS data, July 2026
Bergen County's $1.5–$2M market is clearing at full asking price in about 18 days, and 1 in 6 buyers is coming from New York. A Northern NJ mid-year read.
If you have glanced at the financial pages this week, the mortgage story has not moved much from the one I flagged last week: the 30-year fixed is parked in the high sixes — Bankrate’s daily average i
Rates broke the multi-month peak. At $1.5M-$2M in Bergen, here's what the math actually looks like — and a Closter colonial under contract in seven days.
When a $599K listing in a $1.5M town isn't really a $599K house.
I’ll pull your block’s real closed sales and show you exactly where your home sits.