Montclair NJ Real Estate Market News & Information

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.

The Montclair real estate market in February was largely unchanged from a year ago. Are more property listings about to come onto the market?

Montclair, NJ residential real estate buyers continued to face low inventory during the month of January and competition among active listings was intense.

I always say that this business is part art, part science, and nowhere is that more evident than in handling offers

Record Low Inventory Contributes to Record High Prices. Read our 2023 Local Real Estate Year End Analysis and learn more.

Continued low inventory and pricing premiums are keeping this a sellers’ market. This November is a repeat of last November.