by Anthony | Feb 26, 2021 | Uncategorized
Morris County Single Family Homes for January Key Metrics 2020 2021 Change New Listings 533 408 – 23.5% Closed Sales 371 390 + 5.1% DOM* 75 41 – 45.3% Median PX $428K $517K + 20.9% % of PX 96.9% 100.2% + 3.4% Inventory 1,545 779...
by Anthony | Feb 25, 2021 | Uncategorized
Monmouth County Single Family Homes for January Key Metrics 2020 2021 Change New Listings 885 607 –31.4% Closed Sales 489 540 + 10.4% DOM* 68 47 – 30.9% Median PX $460K $549K + 19.3% % of PX 96.8% 99.5% + 2.8% Inventory 2,358...
by Anthony | Feb 24, 2021 | Uncategorized
January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited...
by Anthony | Feb 23, 2021 | Uncategorized
Over the last few years lumber prices have skyrocketed as much as 300%. Dating back to January 2017, housing starts for single-family homes were up strongly by 7%. Then all of a sudden COVID-19 hit and between May and July of 2020, housing starts increased by 17%...
by Anthony | Feb 19, 2021 | Uncategorized
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