Monmouth & Ocean County December Sales

New Jersey Media Price Hits $455,000

Despite the fact that interest rates have doubled over the last 12 months, inventories have contracted by double-digits from 2021, and inflation has torn apart most prospective buyers' budgets, existing home sales totaled 5.02 million in 2022. On a month-to-month...

A total of 324,237 U.S. properties reported foreclosure filing in 2022, which is up 115% from 2021. This number is only 89% of the 2.9 million foreclosures reported in 2010 in the midst of the crash. The 324,237 foreclosure properties in 2022 total 0.23% of all U.S....

Title Wise Newsletter from Counsellors Title Agency

Today, cash and contacts are the most valuable assets on the internet. As business professionals, we spent years building up our networks to maintain visibility and to increase deal flow. Some opportunities begin with an invitation, but not all invitations are created...

Northeast and Northwest are losing residents.

Hudson County Single Family Homes for November Key Metrics       2021       2022     Change New Listings       121          86      – 28.9% Closed Sales        91          64      – 29.7% DOM*                  41           52       + 26.8% Median PX       $420K   ...

  Counsellors Title is open on Monday, January 16th. 

New Jersey's rate of zombie properties is 0.41%. The national rate for zombie properties is 1.26%. New Jersey has the fifth smallest percentage of zombie properties. Some counties in New Jersey have a higher rate of zombie properties than others. Cape May has the...

  Read This Week's Title Wise   

Trend Watch Before any major shift occurs within a major market, there is movement that appears in the adjacent territories. As in the case of the recent sellers' market, which dominated real estate since 2020, there is a new shift occurring in some of the less active...