The new year opens with subtle shifts across the Hudson Valley and Northern New Jersey. Sellers still hold the advantage, but longer timelines and price adjustments are hinting at a market recalibration. Here’s your county-by-county snapshot.

🍁 Orange County, NY Spotlight: Seller’s Market with Rising Values

• Inventory: 2.96 months (↓ 14.2% MoM)
• Sold-to-List Price: 99.1%—slightly below asking, more negotiation room
• Median Days on Market: 56 (↑ 16.67% MoM)—slower pace
• Median Sold Price: $477,500 (↑ 6.11% MoM)

Takeaway: Sellers enjoy higher prices, but buyers gain leverage with longer timelines and fewer bidding wars.

🏞️ Rockland County, NY Spotlight: Seller’s Market Holding, Prices Easing

• Inventory: 2.34 months (↓ 10.69% MoM)
• Sold-to-List Price: 100.2%—offers still at or above asking
• Median Days on Market: 38 (↑ 15.15% MoM)—slowing slightly
• Median Sold Price: $683,000 (↓ 3.39% MoM)

Takeaway: Sellers remain strong, but buyers may find opportunities as prices soften and homes linger longer.

🌄 Sussex County, NJ Spotlight: Seller’s Market with Softer Pricing

• Inventory: 1.53 months (↓ 18.62% MoM)
• Sold-to-List Price: 101%—above asking still common
• Median Days on Market: 39 (↑ 44.44% MoM)—slower pace
• Median Sold Price: $395,000 (↓ 5.95% MoM)

Takeaway: Sellers face longer waits and lower returns, while buyers gain breathing room and potential value.

🏙️ Passaic County, NJ Spotlight: Competitive Seller’s Market

• Inventory: 1.35 months (↑ 2.27% MoM)
• Sold-to-List Price: 102.4%—above asking remains the norm
• Median Days on Market: 28 (↑ 27.27% MoM)—slower but brisk
• Median Sold Price: $550,000 (↓ 2.65% MoM)

Takeaway: Sellers remain in a prime spot, but buyers may find slight relief as prices dip and timelines stretch.

✨ Final Thoughts for January The year begins with a seller’s edge, but the story is shifting. Longer days on market and price adjustments suggest a more balanced spring ahead. Sellers should stay strategic, while buyers can approach with patience and preparation.