Montclair NJ Real Estate Market News & Information

Price premiums continue to be the big news as we settle into “multiple offers pricing” at new levels.

With sales premiums soaring, here’s what buyers and sellers need to know about the latest market dynamics.

Local housing market news and trends for Montclair, NJ and surrounding areas.

Did you know? Navigating the process of buying can sometimes be trickier than buyers expect, with unexpected challenges along the way.

Montclair real estate activity typically slows in August and this year was no different, though it was up slightly from 2023.

The state of New Jersey passed into law new regulations in response to the NAR settlement, effective August 1.

Montclair housing demand continued to outstrip supply in July, despite more listing activity year over year.

Despite record prices, the average closing price premium over asking price wasn’t abnormally high as asking prices have been creeping up.

Local market remains competitive with average days on market dropping and many cash offers.

Home sellers are receiving unprecedented offers for their properties.

Inventory grew in March, but very little as it is tracking the anemic housing availability of 2023. Learn more.

Find out what the changes to real estate commission structure means to you. How could you be affected? Learn more.