Apartment Rental Demand Unexpectedly Strong

According to the US Census Bureau, apartment absorption, which is the rate at which new units are rented out, is now at the highest level in 3 years. The report stated that apartment construction has reached a 20-year high in 2017, and remains elevated throughout...

Monmouth County Single Family Prices Up 8.8%

Ocean County Single Family November 2018Key Market Metrics 2017 2018 Change■ New Listings: 819 885 +8.1%■ Closed Sales 584 665 + 13.9%■ DOM* 86 84 – 2.3%■ Median Px $305K $310K + 1.5%■ % of Px Rec’d 96.3% 96.7% + 0.4%■ Inventory 4,201 4,026 – 4.2%■ Months of Inventory...