Real Estate Market Snapshot

Market Overview November 2021 People under the age of 44 have been driving the homeownership rate higher; while 45 to 64 year olds have seen homeownership drop. 3Q 2021 realized a strong upward inflection in household formation. The median price of existing home sales...

This Week’s Realtor Report

Friday’s jobs report, highlighted in more detail by Manager of Economic Research George Ratiu, reinforced the Fed’s optimism, and weekly jobless claims also trended in a healthy direction. Despite decent economic news in the 3rd quarter, the homeownership rate was...

Big Zillow Makes Big Cuts

The big decision of Zillow to close down its iBuying business in November of 2021 may not only reveal a flawed business model but also the segue to a new real estate market climate. Inventories continue to contract, and interest rates for mortgages remain at or near...

September Morris & Middlesex County Sales

Morris and Middlesex Counties Morris & Middlesex County Single Family Homes for September Key Metrics     2020     2021     Change New Listings     813       586      – 27.9% Closed Sales    614       493      – 19.7% DOM*                 51         30      –...