Monmouth County Closed Sales Up 21 Percent

Monmouth County January Key Metrics  2016  2017  Percent Change New Listings 799  906 + 13.4% Closed Sales 362  440  + 21.5% Days on Market Until Sale 91 74 – 18.7% Median Sales Price $370,000 $406,500  + 9.9% % of PX Received 94.8% 96.5%  + 1.8% Inventory 3,238...

New Jersey Pending Home Sales Soar

New Jersey January Market Trends • Single Family Closed Sales were up 13.1% to 4,930. • Townhouse-Condo Closed Sales were up 7.4% to 1,438. • Adult Communities Closed Sales were up 16.4% to 440. • Single Family Median Sales Price increased 1.1% to $288,000. •...

Millennial Mortgages and then Marriage

According to the website Zillow, there is a surge of unmarried Millennial couples purchasing homes. The numbers have increased 36%: from 11% in 2005 to 15% in 2016. [Millennials range between the ages of 24 and 35.] This is leading to couples forsaking a marriage...

Median Home Price Soars 7 Percent from 2016

January Existing Home Sales Reflect Robust Buyer Demand for Spring The National Association of Realtors® reported that all major regions except for the Midwest saw sales gains for January 2016. Existing-home sales stepped out to a fast start in 2017, surpassing a...

A Fresh Look at Title Insurance

A property title is the legal right that a person has to the ownership and possession of land.  If that prior claim can be established, that person may claim an interest in the property outright or make demands on the owner as to its use. How quickly can Counsellors...