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Housing Market Update for March, 2025
Orange county NY
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!
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!
Celebrating Excellence: Barbara Tesa – 2024 Second Quarter Sales Leader for Vernon Office
We are thrilled to congratulate Barbara Tesa on her remarkable achievement as the 2024 second-quarter sales leader for our Vernon, NJ office at Better Homes and Gardens Real Estate Green Team. Barbara’s dedication, expertise, and unwavering commitment to her clients have once again set her apart as a standout real estate professional.
YOUR Property is MY Priority
Barbara’s motto, “YOUR Property is MY Priority,” perfectly captures her approach to real estate. She believes in taking a genuine interest in her client’s goals and works diligently to help them achieve their dreams. Whether assisting sellers in showcasing their homes or guiding buyers through the purchasing process, Barbara’s focus is always on delivering exceptional service and results.
Investing in Success
Barbara’s success is driven by her commitment to excellence. She invests in professional photography and videos for her clients’ properties, uses social media for effective promotion, and features listings in local publications. Her attention to detail extends to creating beautiful property-specific marketing brochures highlighting each home’s unique features.
A Positive Influence in the Industry
In addition to her achievements, Barbara is a valued mentor within the BHGRE Green Team. She shares her wealth of knowledge and experience with new agents, helping them navigate the complexities of the real estate industry. Her mentee, Peggy Bradfield, expresses her gratitude: “Having Barbara as a mentor has meant that I have someone to turn to for advice, support, and guidance. She has offered insights on several challenges and dilemmas that I have encountered so far in my real estate career. Most importantly, having Barbara as a mentor has provided me with encouragement and has instilled increased confidence in my abilities.”
Congratulations, Barbara!
Barbara Tesa exemplifies the qualities of a top-tier real estate professional. Her dedication, innovative marketing strategies, and client-focused approach make her an invaluable asset to our team and a trusted advisor to her clients. We proudly celebrate Barbara’s achievements and look forward to her continued success.
If you are looking for a real estate agent who will work tirelessly to help you achieve your goals, look no further than Barbara Tesa. She is an outstanding agent who is committed to her client’s success.
Contact Barbara today to learn how she can help you buy or sell a property!
Cell: (973) 704-8164
Email: barbaratesa@gmail.com
Barbara Tesa has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Barbara Tesa for reaching the commission cap for Company Dollar Contribution in 2024!
“I’m thrilled to congratulate Barbara on reaching the cap once again. Her professionalism and work ethic truly set her apart from the competition. Barbara is incredibly sharp, highly responsive, and always goes the extra mile for her clients. She tirelessly ensures every detail is taken care of, which is why she remains one of BHGRE Green Team’s top producers. Congratulations, Barbara! Keep up the fantastic work!”
-Dana Green
Barbara’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 Barbara will now receive a 100% commission split on any deal she closes during 2024.
“So happy to have reached CAP! BUT, while reaching the Company CAP feels great for any agent, the interesting thing about it is this: it is not necessarily a reflection of any agent’s hard work in any given year or any given market. I believe most agents who take this profession seriously work really hard; and working hard doesn’t always result in a volume of success that results in reaching CAP. This success also has a lot to do with LUCK. I’m genuinely GRATEFUL to be lucky enough to have friends, family, former & current clients who continue to send me referrals and trust me to deliver the best service I can. Much of my efforts will focus on continuing that trend and staying focused on my clients’ goals, which ultimately is what helps me get closer to my goal each year. 
” – Barbara Tesa
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, Barbara Tesa!
Kristi Anderson has Reached the 2024 Commission Cap!
Congratulations From Dana Green, President Of Better Homes and Gardens Real Estate Green Team, to Kristi Anderson for reaching the commission cap for Company Dollar Contribution in 2024!
“Kristi has consistently been one of our leading sales associates since joining the Green Team. Her dedication to hard work and commitment to assisting clients in reaching their real estate goals are truly commendable. She expertly handles multiple transactions with professionalism, effortlessly maintaining her composure no matter how busy she is. Congratulations on another fantastic year, Kristi! We are thankful to have you as a valued member of the BHGRE Green Team family.”
-Dana Green
Kristi’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 Kristi will now receive a 100% commission split on any deal she closes during 2024.
“Turning dreams into addresses, one sale at a time. Cheers to new milestones ahead! Thank you to all for helping make this possible!” – Kristi Anderson
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, Kristi Anderson!
Commissions for LIFE!
Announcing Our New “Commissions for Life” Referral Program!
At Better Homes and Gardens Real Estate Green Team, we are constantly seeking innovative ways to support and reward our exceptional team of agents. Today, we are thrilled to unveil our latest initiative designed to do just that—the “Commissions for Life” referral program!
Introducing the Commissions for Life Referral Program
Our new Commissions for Life referral program is a testament to our commitment to fostering a collaborative and thriving community within our team. Effective immediately, this program offers an incredible incentive: 5% of the company dollar for life. Yes, you read that right—life!
Here’s how it works:
- Recruit and Earn: When you recruit a new agent to join BHGRE Green Team, you will earn 5% of the company dollar generated by your recruit.
- Longevity Pays Off: This 5% commission is for life, meaning as long as both you and your recruit hold your licenses with BHGRE Green Team, you will continue to benefit from this incentive. This includes if you hold your license with our referral company, Green Team Referral Realty.
Why We’re Excited About This Program
The Commissions for Life referral program brings numerous benefits to our agents, reinforcing our culture of teamwork and shared success. Here are some reasons why we believe this initiative is a game-changer:
- Ongoing Financial Reward:
- Passive Income: This program creates an opportunity for agents to earn a continuous stream of income. It’s a powerful way to supplement your earnings with minimal additional effort.
- Incentive to Grow: By bringing talented new agents into our family, you not only strengthen our team but also secure a lasting financial benefit for yourself.
- Enhanced Team Collaboration:
- Mutual Success: Our success is interconnected. This program encourages agents to actively participate in the growth and success of their peers, fostering a supportive and collaborative environment.
- Stronger Community: Building a stronger, more cohesive team enhances our ability to deliver outstanding service to our clients and achieve collective goals.
- Recognition and Appreciation:
- Valuing Contributions: The Commission for Life program is our way of recognizing and appreciating the vital role our agents play in expanding and enriching the Green Team.
- Celebrating Achievements: Your efforts in recruiting and mentoring new agents will be celebrated and rewarded, reinforcing our shared commitment to excellence.
Join Us in Shaping the Future
“With our Commission for Life program, you can unlock unparalleled earning potential. We are empowering our realtors to achieve more while securing a lifetime of financial rewards with a perpetual source of income.” – Dana Green, President of BHGRE Green Team
We are so excited about the endless possibilities this new program offers and look forward to seeing how it will empower our agents to reach new heights of success. Your dedication and passion are the driving forces behind our continuous growth and innovation.
Ready to Get Started?
If you have any questions about the Commission for Life referral program or want to learn more about how you can become a part of our team, please don’t hesitate to reach out to Nicole McCormick, our Director of Marketing and Growth.
Nicole McCormick
Director of Marketing & Growth
Nicole@GreenTeamRealty.com
C:973.945.5091
Together, we can make the Better Homes and Gardens Real Estate Green Team stronger and more successful than ever before.
Congratulations Kristi Anderson!
Kristi is the 2024 First Quarter Sales Leader for BHGRE Green Team’s Vernon Office!
We are thrilled to congratulate Kristi Anderson for her remarkable achievement of once again clinching the title of Sales Leader for the 1st quarter of 2024. This achievement marks the second consecutive quarter that Kristi has emerged as the top performer in our BHGRE Green Team’s Vernon, NJ office.
A Legacy of Excellence
Kristi’s exceptional skills, industry knowledge, and unparalleled commitment to her clients have consistently set her apart. Her relentless pursuit of excellence and passion for helping clients find their dream homes have made her a trusted and respected name in the real estate industry.
Continued Success
Kristi’s impressive track record speaks for itself. Not only has she once again achieved the position of quarterly Sales Leader, but she has also continued to exceed expectations with her outstanding performance. Her ability to consistently deliver exceptional results is a testament to her unwavering dedication and extraordinary accomplishments.
Additionally, this recent achievement adds another accolade to Kristi’s already impressive resume. Kristi received Gold Level recognition at the New Jersey Circle of Excellence Awards, the BHGRE Gold Sales Award, and the Citizen of the Year award for her valuable contributions and outstanding support to our community. Her previous sales leadership accomplishments show Kristi’s commitment to excellence shines through in every aspect of her work.
Going Above and Beyond
What sets Kristi apart is her dedication to ensuring a stress-free experience for her clients. In addition to her exceptional service, Kristi goes above and beyond by providing a unique benefit to her clients – her very own moving truck. Any of Kristi’s buyers or sellers in New York can use this truck free of charge, saving them time, money, and hassle. This thoughtful gesture reflects Kristi’s commitment to her client’s satisfaction and underscores her reputation as a real estate agent who truly cares.
Congratulations, Kristi!
We are immensely proud to have Kristi Anderson as a valued member of our team. Her continued success is a testament to her hard work, dedication, and unwavering commitment to excellence. Congratulations, Kristi, on another well-deserved achievement. Here’s to many more milestones together!
Barbara Tesa Receives The Prestigious Silver Award!
BARBARA TESA RECEIVES PRESTIGIOUS SILVER AWARD FOR TOP PERFORMANCE IN THE BETTER HOMES AND GARDENS REAL ESTATE GLOBAL NETWORK.
Barbara Tesa affiliated with BHGRE Green Team awarded for performance excellence out of a network of approximately 12,400 independent sales associates
Vernon, New Jersey, 4/25/2024—Barbara, a Leading local real estate sales associate affiliated with BHGRE Green Team in Vernon, NJ, has received the Silver Award from the Better Homes and Gardens® Real Estate brand in recognition of her outstanding 2023 sales performance.
Out of a network of approximately 12,400 independent sales associates in over 400 offices across the United States, Canada, Jamaica, The Bahamas, Australia and Turkey, the Silver Award honors agents and teams in the top 20 percent of all affiliated agents in the brand’s global network, based on stringent criteria in the categories of total closed units or sales volume.
Her remarkable accomplishment serves to confirm her standing as a true leader in customer service, personal marketing, property marketing and responsiveness in the real estate industry.
“My goal is to provide the ultimate customer service to my buyers and sellers, and it’s incredibly gratifying to receive this distinguished award,” said Tesa. “I have the privilege of working in a field where I can make people’s lives better every day through homeownership, and this is the main source of my drive and motivation. To realize that this passion has led me to be named as a top performer in the Better Homes and Gardens Real Estate network is truly an honor. Remember, YOUR property is MY Priority”
Barbara Tesa is not just a real estate agent; she is a testament to excellence and commitment. Her impressive track record, coupled with glowing testimonials, paints a vivid picture of a professional who goes above and beyond for her clients. Whether it’s assisting sellers, utilizing innovative marketing strategies, or providing invaluable mentorship, Barbara embodies the qualities of a top-tier real estate expert.
“If you know Barbara, you would agree that she is a true professional. She takes her work in this industry very seriously. She is responsive, intelligent, and fun to be around. That is why she continues to excel as one of BHGRE Green Team’s top producers. Congrats Barbara, keep up the good work!” – Vikki Garby, BHGRE Green Team President
To learn more about Barbara Tesa, visit her website, www.barbaratesa.com
About Better Homes and Gardens Real Estate BHGRE Green Team
At Better Homes and Gardens Real Estate we seamlessly blend the personalized care of an independent brokerage with the formidable resources of a renowned brand. Our commitment lies in providing clients with more than just a transaction; we deliver a tailored experience that combines warmth, attention, and expertise. As part of a prestigious legacy, our team harnesses the power of innovation and market insight while fostering genuine connections. With us, you’ll find the best of both worlds: the undivided concern of a neighborhood ally and the reach of a prominent industry name. Your journey to a better home begins here.
