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Total Housing Inventory Increases 8.1%

Posted by: Katherine Diveris on Wednesday, May 28, 2025

Saddle Brook, NJ – May 25, 2025 - U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-over-year to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-over-month in all four regions, with the West experiencing the largest decline, at 9.4%.

Tags: bergencounty buyers GBR greaterbergenrealtors housingmarket interestrates inventory markettrends newjersey realestate sellers

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
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