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Real Estate Market Update
Orange County Real Estate Market Update: A Strong Seller’s Market Continues
The real estate market is experiencing a dynamic shift, with several key indicators pointing to a competitive environment—especially for buyers. Let’s take a closer look at the numbers and what they mean for both buyers and sellers.
Low Inventory Driving a Seller’s Market
One of the most telling statistics is the Months Supply of Inventory, which currently sits at just 2.84 months. This number indicates how long it would take for all active listings to sell if no new homes were added to the market. A balanced market typically has around six months of inventory, meaning anything lower than that tends to favor sellers. With inventory levels this low, demand is outpacing supply, creating a highly competitive market.
Homes Are Selling Faster
Not only is inventory low, but homes are also selling at a rapid pace. The Median Days on Market is currently 48 days, meaning homes are being snatched up quickly. This is a clear indicator that buyers are eager to purchase, and properties are not sitting idle for long.
Additionally, the 12-Month Change in Months of Inventory has dropped by 19.32%, signaling a significant decrease in available homes compared to last year. This trend suggests that the housing supply is shrinking even further, making it more challenging for buyers to find suitable properties.
Rising Prices and Competitive Offers
With inventory decreasing and demand remaining strong, home prices are on the rise. The Median Sold Price now stands at $445,000, reflecting the growing competition among buyers. Low supply and high demand naturally drive up prices, meaning sellers are seeing increased returns on their properties.
Another telling metric is the Sold-to-List Price Percentage, which currently sits at 103.1%. This means that, on average, homes are selling for more than their asking price. Bidding wars are becoming increasingly common, with multiple buyers competing for the same property, often pushing final sale prices above the original list price.
What This Means for Buyers and Sellers
For Sellers:
This is an excellent time to list your home. With limited inventory and high demand, sellers are in a strong position to receive competitive offers—often above asking price. If you’ve been considering selling, now might be the perfect opportunity to capitalize on market conditions.
For Buyers:
The current market conditions require buyers to act quickly and strategically. With homes selling fast and bidding wars becoming the norm, it’s important to be prepared:
✅ Get pre-approved for a mortgage to strengthen your offer.
✅ Work with a real estate professional who understands the market.
✅ Be ready to make competitive offers, possibly above asking price, to secure the right home.
Final Thoughts
The housing market remains hot and competitive, with sellers benefiting from low inventory and rising prices. Buyers, on the other hand, need to move fast and be prepared to compete. Whether you’re looking to buy or sell, understanding these key metrics can help you navigate the market with confidence.
If you’re thinking about making a move, reach out to a real estate professional for guidance tailored to your specific needs.
Sussex County Real Estate Market Update: High Demand, Low Inventory, and Rising Prices
The real estate market remains highly competitive, with strong demand and historically low inventory levels shaping the landscape. Buyers are facing increased pressure to act quickly, while sellers are benefiting from rising prices and fast sales. Let’s break down the key metrics that define today’s market and what they mean for buyers and sellers alike.
Inventory at Record Lows, Creating a Seller’s Market
The Months Supply of Inventory is currently at just 1.67 months, meaning that if no new homes were added, the existing supply would sell out in less than two months. A balanced market typically has about six months of inventory, so this extreme shortage strongly favors sellers. With more buyers than available homes, competition is fierce, making it challenging for buyers to find and secure properties.
Adding to the tight inventory situation, the 12-Month Change in Months of Inventory has declined by -12.57%, further restricting supply compared to last year. This indicates that homes are being bought faster than new listings can replace them, making the market even more competitive.
Homes Are Selling Faster Than Ever
Not only is inventory low, but homes are also selling at record speed. The Median Days on Market is now just 29 days, meaning that most homes go under contract in less than a month. This rapid turnover suggests that serious buyers are making swift decisions, often submitting offers shortly after listings go live.
For buyers, this means hesitation can cost them the opportunity to purchase a home. Working with a knowledgeable real estate agent and securing pre-approval for a mortgage can help ensure they’re ready to act when the right property becomes available.
Home Prices Are Strong and Continuing to Rise
Low inventory and high demand naturally lead to rising prices, and the numbers reflect this trend. The Median Sold Price now stands at $417,000, underscoring the competitive nature of the market. With limited options, buyers are often willing to pay a premium to secure a home.
Additionally, the Sold-to-List Price Percentage is 102.7%, meaning that, on average, homes are selling for above their asking price. This is a strong indicator of bidding wars, as multiple buyers compete for limited inventory, driving up final sale prices.
What This Means for Buyers and Sellers
For Sellers:
If you’ve been thinking about selling, now is an excellent time. Low inventory means less competition, and homes are selling quickly—often above asking price. This market offers strong opportunities to maximize returns on your property.
For Buyers:
Navigating this competitive market requires preparation and strategy:
✅ Get pre-approved for a mortgage to strengthen your offer.
✅ Work with an experienced real estate professional to identify opportunities quickly.
✅ Be prepared to make competitive offers—possibly above asking price—to secure a home.
Final Thoughts
The current market is highly competitive, with demand far outpacing supply. Sellers have the upper hand, while buyers need to be ready to move quickly and offer strong bids to succeed. Whether you’re buying or selling, staying informed on market trends and working with a knowledgeable agent can help you navigate this fast-moving landscape with confidence.
If you’re considering making a move, now is the time to connect with a real estate professional to strategize your next steps.
Adrianne Smith-Arroyo Has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Adrianne Smith-Arroyo for reaching the commission cap for Company Dollar Contribution in 2024!
“Adrianne’s journey with our team has been nothing short of extraordinary. Reaching the cap is a monumental achievement, but with Adrianne, it’s no surprise—her passion, leadership, and unwavering commitment to excellence elevate everyone around her. She sets the gold standard for what it means to be a top performer and an incredible Broker Manager. We are beyond proud to celebrate this milestone with her and look forward to all the greatness she will continue to bring to the Vernon office and beyond.”
-Dana Green
Adrianne’s journey with the Green Team has been nothing short of inspiring. Since stepping into the role of Broker Manager, she has consistently gone above and beyond to support her clients and her team. Her ability to balance the demands of leadership while maintaining exceptional service to her clients is a testament to her commitment to excellence.
Hitting the cap is not just a personal achievement; it reflects the trust and confidence her clients and team place in her. Adrianne’s ability to foster meaningful connections, provide expert guidance, and deliver outstanding results has made her a true leader in the industry and a cornerstone of our Vernon office.
As we celebrate this incredible milestone, we also want to thank Adrianne for her tireless efforts and for setting such an inspiring example for everyone at BHGRE Green Team. Her drive, dedication, and passion remind us of what is possible when you combine talent with hard work.
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Adrianne!
Celebrating Vanessa Wight’s Success in 2024 Q3 for BHGRE Green Team’s Goshen Office
We are thrilled to recognize Vanessa Wight for her outstanding performance during the third quarter of 2024 at Better Homes and Gardens Real Estate Green Team’s Goshen office. Vanessa’s tireless dedication, passion for real estate, and exceptional client service have continued to make her a standout agent, helping her achieve impressive results this quarter.
Putting Clients First, Always
Vanessa has built a reputation for consistently putting her clients’ needs first and crafting tailored strategies that align with their unique goals. Whether helping a first-time homebuyer navigate the process or assisting a seller in maximizing the value of their home, Vanessa goes above and beyond to ensure success.
Her clients frequently praise her approachable and attentive nature, highlighting how she makes them feel supported and informed throughout every step of their real estate journey. With Vanessa, it’s more than just a transaction—it’s about building strong, lasting relationships.
Expertise That Makes a Difference
As an experienced agent deeply embedded in the local community, Vanessa brings invaluable expertise to the table. She knows the ins and outs of the local real estate market, from the unique characteristics of each neighborhood to current pricing trends and market conditions.
Vanessa’s ability to leverage this knowledge, combined with her sharp negotiation skills, has made her a trusted advisor for buyers and sellers. Whether you’re looking for your dream home or trying to sell for top dollar, Vanessa’s insight and market expertise are indispensable.
A Role Model Within the Team
In addition to her impressive accomplishments with clients, Vanessa has become a beacon of positivity and collaboration in the Goshen office. Her enthusiasm, willingness to support her fellow agents, and natural leadership abilities contribute greatly to the office’s vibrant culture. She is always available to share her experiences, offer guidance, and provide encouragement, fostering a collaborative environment that benefits everyone.
Vanessa’s presence elevates the entire team, making her a trusted real estate professional and a valued colleague.
Success Built on Consistency
Vanessa’s success this quarter is just the latest in a series of achievements that showcase her consistency and drive. In July 2024, Vanessa celebrated her first million-dollar sales month, quickly surpassing $1 million in sales volume. Her momentum continued into August when she reached the commission Cap, demonstrating her ability to achieve outstanding results while delivering top-notch service.
Her dedication, professionalism, and commitment to excellence have helped Vanessa build a successful career rooted in trust, hard work, and client satisfaction.
A Well-Deserved Recognition
We are proud to celebrate Vanessa Wight’s continued success at BHGRE Green Team’s Goshen office. Her passion for real estate, expertise in the local market, and unwavering dedication to her clients make her an exceptional agent and a cherished member of our team.
Congratulations to Vanessa on another exceptional quarter! We are excited to see what the future holds as she continues to grow and inspire. If you’re looking for a real estate expert who will prioritize your needs and deliver incredible results, look no further than Vanessa Wight.
Congratulations to Vikki Garby: 2024 Q3 Sales Leader for BHGRE Green Team’s Warwick Office!
We are excited to announce that Vikki Garby has been named the 2024 Q3 sales leader for Better Homes and Gardens Real Estate Green Team’s Warwick office! Vikki’s commitment to her clients, passion for real estate, and tireless work ethic have helped her achieve this well-deserved honor, and we couldn’t be more thrilled to celebrate her success.
A Results-Driven Professional
Vikki’s success stems from her deep understanding of the real estate market and a results-driven approach that consistently delivers outstanding outcomes for her clients. Whether she’s working with buyers, sellers, or investors, Vikki brings a sharp focus and unwavering dedication to every transaction. Her ability to navigate the complexities of the real estate market and anticipate her client’s needs has made her a trusted and sought-after agent in the Warwick area.
Known for her proactive communication, attention to detail, and exceptional problem-solving skills, Vikki goes above and beyond to ensure that each client’s experience is smooth and successful. Her clients praise her ability to make them feel confident and informed throughout the entire process, resulting in long-lasting relationships and countless referrals.
Deep Local Knowledge Paired with Expertise
As a longtime resident and active member of the Warwick community, Vikki’s intimate knowledge of the local market is one of her greatest strengths. She is able to offer her clients invaluable insights into the area’s neighborhoods, schools, and market trends, giving them a competitive edge. Whether working with first-time homebuyers or seasoned investors, Vikki tailors her approach to meet her client’s specific goals, providing customized advice and strategies that maximize results.
Her ability to combine local expertise with a keen understanding of broader market dynamics allows Vikki to position her clients for success, no matter the challenge. Whether helping buyers find their dream home or guiding sellers in positioning their property to attract top offers, Vikki’s strategic mindset ensures exceptional results.
A Leader and Mentor
Beyond her impressive sales numbers, Vikki is a respected leader and mentor within the BHGRE Green Team. She is always eager to share her insights and support her colleagues, contributing to the collaborative and inclusive culture that defines our Warwick office. Vikki’s positive energy and willingness to help others achieve their goals have made her a valued resource and a respected figure among her peers.
Her leadership by example has not only earned her this quarter’s top spot but has also inspired those around her to reach new heights. Vikki embodies the team spirit we value at BHGRE Green Team, and her commitment to excellence helps elevate everyone she works with.
Client-First Mentality
What truly sets Vikki apart is her client-first mentality. She understands that real estate is not just about buying or selling properties—it’s about making life-changing decisions. Vikki takes pride in guiding her clients through these critical moments, offering thoughtful advice and personalized service every step of the way. Her honesty, integrity, and relentless focus on her clients’ needs have made her one of the most trusted agents in the Warwick area.
Her clients consistently highlight her dedication, noting that she listens carefully to their needs and works tirelessly to make their dreams a reality. Whether negotiating deals or navigating complex situations, Vikki’s calm and confident demeanor ensures that her clients feel supported and empowered.
Celebrating a Well-Earned Achievement
We are incredibly proud of Vikki Garby for earning the title of 2024 Q3 sales leader for our Warwick office. Her hard work, dedication, and passion for real estate are an inspiration to us all. This achievement is not just a reflection of her outstanding sales performance, but also of her commitment to excellence in everything she does.
Congratulations, Vikki! We are excited to watch your continued success as you lead with integrity, drive, and a true passion for helping others. Whether you’re looking to buy, sell, or invest, Vikki Garby is the trusted expert who can guide you through your next real estate journey.
Kristi Anderson, the 2024 Q3 Sales Leader for BHGRE Green Team’s Vernon Office!
Kristi Anderson, the 2024 Q3 Sales Leader for BHGRE Green Team’s Vernon Office!
We are thrilled to announce that Kristi Anderson has been named the 2024 Q3 sales leader for Better Homes and Gardens Real Estate Green Team’s Vernon office. Kristi’s hard work, dedication, and commitment to excellence have led her to this outstanding achievement, and we couldn’t be prouder to celebrate her success!
Kristi has long been a vital member of our team, known for her market expertise, personalized client service, and unwavering dedication to helping clients find their dream homes or sell properties with ease. She brings a thoughtful, detail-oriented approach to every transaction, ensuring that her clients feel supported and informed throughout the entire real estate process.
A True Advocate for Her Clients
Kristi’s exceptional ability to truly listen to her clients and understand their unique needs sets her apart. Whether she’s working with first-time homebuyers, seasoned investors, or sellers, Kristi consistently goes above and beyond to ensure each transaction is smooth, efficient, and stress-free. Her deep knowledge of the local market allows her to provide valuable insights, giving her clients a competitive edge.
A Leader Among Peers
Kristi’s success is reflected in her sales numbers and the relationships she’s built within our team. Her peers recognize her as a trusted mentor and a valued resource, always willing to lend a hand or share her expertise. Her ability to inspire and collaborate with fellow agents adds to the positive, supportive culture we pride ourselves on at BHGRE Green Team.
Dedication to Excellence
This latest achievement is a testament to Kristi’s relentless work ethic and her passion for real estate. She has consistently set high standards for herself, and her accomplishments speak volumes about her dedication. As the 2024 Q3 leader for the Vernon office, she has not only demonstrated excellence in her own business but has also contributed significantly to the overall success of the team.
Congratulations, Kristi, on this well-deserved honor! We are excited to see what the future holds as you continue to shine and make an impact in the real estate industry.
Welcome Lori Graber to BHGRE Green Team
We are excited to welcome Lori Graber to Better Homes and Gardens Real Estate Green Team! With over 31 years of experience in the real estate industry, Lori brings an exceptional depth of knowledge and a diverse skill set that makes her a valuable addition to our team.
A Comprehensive Career in Real Estate
Lori’s impressive career in real estate spans multiple roles, including real estate paralegal, mortgage processor and closer, title processor, and settlement coordinator. Her comprehensive understanding of the industry is further strengthened by her New Jersey Title Insurance Producer License and her status as a Notary Public. Lori also holds the highly respected Seniors Real Estate Specialist (SRES) designation, which equips her to address the unique needs of older adults in their real estate transactions. This diverse skill set makes her a valuable addition to our team and instills confidence in her ability to handle any real estate transaction with expertise and professionalism.
Early Beginnings and a Passion for Real Estate
A true professional, Lori’s journey began during her teenage years in Elmwood Park, NJ, where she was born and raised. Her passion for real estate was sparked early on when she worked for a property management company. After graduating from high school, Lori entered the mortgage industry as a receptionist. Within just six months, she earned a promotion to junior processor and then advanced to the closing department. Through these early experiences, Lori discovered her true calling—helping people realize their real estate dreams. Whether it was assisting clients in refinancing their homes to manage debt, planning renovations, or supporting first-time homebuyers, Lori found joy in guiding others through the process of homeownership. Her passion for real estate is not just a job but a way of life, and we are excited to have her share this passion with us.
A New Chapter with the Green Team
Lori resides in Hamburg, NJ, and is enthusiastic about continuing her journey with the Green Team. She is excited to bring her well-rounded expertise and strong client focus to help families and individuals achieve their real estate goals. Her background across multiple aspects of the real estate transaction will undoubtedly provide her clients with unparalleled support and guidance.
Beyond Real Estate
When she’s not busy navigating real estate deals, Lori enjoys expressing her creativity in the kitchen through cooking and baking. Her love for preparing meals for family and friends reflects her dedication to creating positive and meaningful experiences for others, both professionally and personally.
A Warm Welcome to Lori
We are thrilled to have Lori as part of the Green Team family, and we’re confident that her extensive experience, passion, and client-centered approach will make a significant impact. Be sure to give Lori a warm welcome and join us in celebrating this exciting new chapter in her career!
Tammy Scotto Has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Tammy Scotto for reaching the commission cap for Company Dollar Contribution in 2024!
“I am thrilled to announce that Tammy Scotto has reached the CAP for 2024! Tammy is not only an amazing member of our Green Team but also a truly fantastic realtor who brings exceptional dedication and expertise to every client she serves. Her passion for real estate and commitment to ensuring her clients achieve their dreams sets her apart, and we are incredibly fortunate to have her as part of our team. Tammy’s positive energy, professionalism, and unwavering drive make her a shining example of what it means to go above and beyond. Congratulations, Tammy! Your success is well-deserved, and we can’t wait to see how you continue to excel and inspire those around you.”
-Dana Green
Tammy’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Tammy will now receive a 100% commission split on any deal she closes during 2024.
“I’m incredibly thankful to all my clients in 2024 for helping me reach the cap once again! This accomplishment reflects the trust and loyalty of those I’ve had the pleasure to work with. I’m eager to continue serving my community and delivering exceptional results for all my buyers and sellers—past, present, and future. None of this would be possible without your support. Here’s to an amazing 2025!”
– Tammy Scotto
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Tammy!
Pip Klein Has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Pip Klein for reaching the commission cap for Company Dollar Contribution in 2024!
“I am incredibly proud to announce that Pip Klein has reached the CAP for 2024! Pip has been a wonderful member of our Green Team for the past 13 years, and her dedication and loyalty have made a lasting impact. She brings so much value to both our team and her clients, consistently going above and beyond to ensure success. Congratulations, Pip! We are so fortunate to have you as part of the Green Team family, and I can’t wait to see you continue to excel and inspire.”
-Dana Green
Pip’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Pip will now receive a 100% commission split on any deal she closes during 2024.
“I’m so thankful that my real estate clients are so supportive and that their belief and trust me continues to grow my business… there are constant challenges and problem solving in every transaction but that’s what makes this such a fascinating career! I’m very appreciative of my 13 year “home”at Better Homes & Gardens Real Estate Green Team! ”
– Pip Klein
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Pip!
Vanessa Wight has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Vanessa Wight for reaching the commission cap for Company Dollar Contribution in 2024!
“I am so excited to share that Vanessa Wight has reached the CAP for 2024! Vanessa is truly a ray of sunshine in our office, bringing warmth and positivity to everything she does. Her kindness and dedication know no bounds, and she approaches every interaction with a positive attitude and meticulous attention to detail. Vanessa’s unwavering commitment to her clients and her work sets her apart, and we are incredibly fortunate to have her as part of our Green Team family. Congratulations, Vanessa! Your success is well-deserved, and we look forward to seeing you continue to shine.”
-Dana Green
Vanessa’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Vanessa will now receive a 100% commission split on any deal she closes during 2024.
“Reaching my commission cap for the year at BHG Real Estate – Green Team feels like a great milestone—especially because it’s my first. But I could not have done it alone! Yes, it took some hard work and dedication, but it is also a function of the wonderful clients in my life and the great brokerage standing behind me. The Green Team has continued to provide exceptional support and fruitful opportunities that have propelled me along the road to success and for that, I am very thankful! From here on out, it’s pure profit, and the sky’s the limit!
”
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Vanessa!
Kathy Eubanks has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Kathleen “Kathy” Eubanks for reaching the commission cap for Company Dollar Contribution in 2024!
“I am thrilled to announce that Kathy Eubanks has reached the CAP for 2024! Kathy is a stellar agent who consistently goes above and beyond for her clients, making their dreams a reality. Her success is truly inspiring and a reflection of her relentless dedication and passion for her work. Kathy’s commitment to excellence shines through in everything she does, and we are incredibly proud to have her as part of our Green Team family. Congratulations, Kathy! We can’t wait to see what more you will achieve.”
-Dana Green
Kathy’s dedication to her clients and hard work has allowed her to reach the cap on her commission with BHGRE Green Team. This is an outstanding accomplishment and means Kathy will now receive a 100% commission split on any deal she closes during 2024.
“I have had a successful year in real estate so far, and owe it to my loyal clients. We have spent much time together and have definitely gotten to know each other well !! Thank you to everyone for putting their trust in me.”
Better Homes and Gardens Real Estate Green Team’s commission structure is undoubtedly one of the finest in the industry, but it doesn’t end there. Our lead generation platform, certified sales assistant program, and dynamic training systems are just a few other things worth mentioning.
Click here to learn more about Better Homes and Gardens Real Estate Green Team and why you should join our team.
Congratulations, Kathy!
