by Anthony | Jul 31, 2017 | Uncategorized
OCEAN Single Family Ocean County June 2017 Metrics 2016 2017 Change New Listings 1,172 1,273 + 8.6% Closed Sales 746 821 + 10.1% Days to Close 85 80 – 5.9% Median Sales Px $287K $294K ...
by Anthony | Jul 28, 2017 | Uncategorized
Inventory Shortages Make 2017 The Year of the Seller CoreLogic reported that 2017 is having the best sales market since 2007. One unusual metric came from CoreLogic which reported that 23% of homes’ contract price sold above their listing price and 18% of homes sold...
by Anthony | Jul 27, 2017 | Uncategorized
The Number of Renters Grows By Over 7 Million According to the Pew Research Study, homeownership rate has fallen to about its 1994 level. This means that the number of renters has increased. Unfortunately for the renters, residential housing market value has only...
by Anthony | Jul 26, 2017 | Uncategorized
June Real Estate in New Jersey Although sales have been robust locally, there has been a general slowdown in sales across much of the country, and this cannot be blamed on negative economic news. Wage growth, though nothing to overly celebrate, has held steady or...
by Anthony | Jul 25, 2017 | Uncategorized
According to Zillow, the New Jersey median home value climbed to $305,400. Over the past 12 months, values have gone up 4.8% and they are projected to increase another 1.1% according to reports published on Zillow. Zillow Home Value $305,400 4.8% 1-year change 1.1%...
