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Elevated Home Prices & Higher Interest Rates Continue To Impact Buyer Activity

Posted by: Katherine Diveris on Tuesday, March 25, 2025

Saddle Brook, NJ - March 25, 2025 - U.S. existing-home sales fell for the first time since September, slipping 4.9% month-over-month to a seasonally adjusted annual rate of 4.08 million units, according to the National Association of REALTORS® (NAR), as elevated home prices and higher interest rates continue to impact buyer activity. Despite the drop, sales were up 2% compared to the same period last year, marking the fourth consecutive monthly year-over-year increase.

Tags: 2025 bergencounty buyers greaterbergenrealtors homeprices housingdata housingmarket inflation interestrates inventory nationalassociationofrealtors newjersey newjerseyrealtors realestate sellers

Experts including NAR Chief Economist Lawrence Yun believe the worst of inflation may be over.

Posted by: Jennifer Mejia, Communications Director on Tuesday, September 27, 2022
Saddle Brook, NJ – (September 27, 2022) According to the most recent real estate market analysis report, Summer 2022 has been a season of change for the U.S. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of the last measure, according to the
Tags: august 2022 inflation monthly indicators showingtime
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