New Jersey And a Tale of 2 Markets – Part 1

The recent numbers for New Jersey show a different trend than those in the southern markets, whereas in all 3 categories for single-family homes, sales fell in the state, including new listings, pending sales and closed sales for the month of August. Nationally...

Bergen & Passaic County August Sales

Bergen County Single Family Homes for August Key Metrics       2020        2021     Change New Listings     1,165         871    – 25.2% Closed Sales      979          947    –  3.3% DOM*                  49            32     – 34.7% Median PX       $585K       $646K ...

Morris & Middlesex August Sales

Morris County Single Family Homes for August Key Metrics       2020        2021     Change New Listings        749         587    – 21.6% Closed Sales      711          646    –  9.1% DOM*                   49            30     – 38.8% Median PX       $530K      ...

August Single Family Sales Monmouth & Ocean

Monmouth County Single Family Homes for August Key Metrics       2020        2021     Change New Listings     1,131         849    – 24.9% Closed Sales      872          717    –  17.8% DOM*                  48            31     – 35.4% Median PX       $540K      ...

August New Jersey Sales

The booming U.S. housing market has spilled over to the rental market, which has  seen demand for apartment and single-family rentals skyrocket this year, as high sales prices and an inadequate supply of available housing have forced many prospective buyers to rent...