New Construction Surges in March

According to the US Census Bureau, new construction surged in March 2018 but this search did not include an important niche within the industry, single-family housing. Housing starts for privately-owned homes in March were posted at 1.319 million. This is 1.9% above...

March Middlesex & Burlington Counties

Middlesex County Single Family March 2018 Key Market Metrics 2017  2018 Change ■ New Listings      961   902 – 6.1% ■ Closed Sales       419       400 – 4.5% ■ DOM*                 86         72 – 16.3% ■ Median Px      $285K    $330K + 15.8% ■ % of Px Rec’d   97.4%  ...

March Sales Ocean & Monmouth Counties

Ocean County Single Family March 2018 Key Market Metrics 2017  2018 Change ■ New Listings      1,369    1,330 – 2.8% ■ Closed Sales       589       581 – 1.4% ■ DOM*               89          88 – 1.4% ■ Median Px      $295K    $300K + 1.7% ■ % of Px Rec’d   96.4%  ...

NJ Single Family Prices Jump Over 7 Percent

New residential real estate activity has been relatively slow in the first quarter of 2018, yet housing is proving its resiliency in a consistently improving economy. Some markets have had increases in signed contracts, but the vast majority of the nation continues to...