May 2023 Real Estate Newsletter 

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Crescent Estates

Upper Saddle River
Bergen County, NJ

June Special Days  

June 1 Flip a Coin Day
June 6 World War II D-Day Anniversary
June 14 U.S. Army Birthday
June 19 Juneteenth Day and Father's Day
June 20 American Bald Eagle Day
June 21  Summer Begins
June 24 Take your dog to work Day
June 30 Meteor Day

April Housing Stats

Click To view local Monthly Housing Stats 2017 - 202323

Market Absorption Rate 
See each county below. 

Seller's Market

Normal Market

Buyer's Market

2 3 4 5 6 7 8 9 10
An  Absorption Rate  of 7 or higher is a Buyer's Market
Bergen County
Absorption Rate =   1.7  
Seller's Market
New Listings: 812
Sold Listings: 470
Average Sale Price: $707,640
Average Days On Market: 43
Essex County
Absorption Rate =    2.6 
Seller's Market
New Listings: 478
Sold Listings: 294
Average Sale Price: $722,440
Average Days On Market: 34

Passaic County
Absorption Rate =   2.37 
Seller's Market
     New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:



Morris County
Absorption Rate =     2.33 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:



Sussex County Absorption Rate =   2.6 
Seller's Market
New Listings:
Sold Listings:
Average Sale Price:
Average Days On Market:


New Jersey Real Estate

Public State and County Reports

State of New Jersey

If You Are Disenrolled from NJ FamilyCare, You Can Get Covered

Hand with heart floating above

The Department of Human Services has restarted eligibility reviews for NJ FamilyCare, which will cause some individuals who are no longer eligible to be disenrolled from the program.

Those who no longer qualify for NJ FamilyCare because their income is too high may be able to obtain quality, affordable health coverage through Get Covered New Jersey during a special enrollment period.

NJ FamilyCare members should make it a priority to confirm or update their contact information by calling NJ FamilyCare at 1-800-701-0710 (TTY: 711). NJ FamilyCare will use this information to send renewal packets to members. NJ FamilyCare will mail renewal packets to all members between April 1st, 2023 and March 31st, 2024.

Update Your Information


Teens and Guardians: Working Papers are Now Online

Laptop with paper coming out of the screen

Working Papers applications are now online at Employers hiring teenagers must register online to receive a unique 8-digit code and share that code with every minor they intend to hire. The teen may then visit the website to create an account and start their working papers application, entering the employer's unique code. Caregivers must review the details of the job and provide proof of the minor's age. The NJ Department of Labor will notify the teen and the business when the application is approved.

Learn Mor

National News ...

In March 2023, pending home sales fell 5.2% month-over-month and 23.2% year-over-year. The South saw a month-over-month increase, but sales in the other three regions of the U.S. declined. All regions experienced year-over-year decreases.
   Read the full news release.

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Real Estate News

Real estate news and top headlines from major news sources into a real estate context each weekday, alongside breaking news from NAR, business tips, and industry trends.

Helpful Tips ...


Solar Power offers something for everyone, whether you want to save money on your energy bills, increase your home’s value, protect against power outages, or just do right for the environment.

*Wire Fraud is Real*.  Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions.

·  Always personally verify wire instructions.

·  Use only phone numbers that have called before or can otherwise verify are legitimate.

·  Be very suspicious of emails and phone calls with purportedly updated, revised or corrected wiring instructions. It is extremely rare that a lawyer or title agent will change wire instructions during the course of a transaction.


Emil Ratti
Sales Associate
License Ref #: 0230905

Certified New Home Specialist
Residential Construction Certified
Senior Real Estate Specialist

Coldwell Banker | LinkedIn
Coldwell Banker

Office: (201) 327-5050