Morris County Closed Sales Soar 33%

Morris County Single Family Homes for January Key Metrics 2019 2020 Change New Listings 583 533 – 8.6% Closed Sales 278 369 + 32.7% DOM*           72   74 + 2.8% Median PX $405K $430K + 6.0% % of PX    96.8% 96.9% + 0.1% Inventory   1,748 1,358 – 22.3% Months Supply...

Monmouth & Ocean County Home Sales

Monmouth County   Single Family Homes for January Key Metrics 2019 2020 Change New Listings 843 883 + 4.7% Closed Sales 445 486 + 9.2% DOM*   66 68 + 3.0% Median PX $420K $460K + 9.5% % of PX 96.8% 96.7% – 0.1% Inventory 2,514 2,077 – 17.4% Months Supply 4.3 3.6 –...

Construction Permits Surge

Overall permits surged to a 13-year high to a seasonally adjusted annual rate of 1.57 million units according to a report from the U.S. Housing and Urban Development and Commerce Department. During this housing recovery, single-family housing starts have surpassed one...