April Monmouth and Ocean County Sales

Monmouth County Single Family Homes for April  Key Metrics       2021       2022      Change New Listings       934         833       – 10.8% Closed Sales      565         491       – 13.1% DOM*                   40           31        – 22.5% Median PX        $575K ...

Memorial Day – Remembering America’s Heroes

Memorial Day (originally known as Decoration Day is a federal holiday in the United States for mourning the U.S. military personnel who have died while serving in the United States armed forces. It is observed on the last Monday of May. It was formerly observed on May...

Bidding Wars Persist as Inventory Dwindles

The average 30-year fixed rate mortgage exceeded 5% in April, the highest level    since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant...

Affordability and Scarcity

Affordability is the new real estate buzzword. The last two years the inventory shortage that has impacted the market has ultimately driven prices over the last 30 months to hit all-time highs. In addition to making it somewhat lucrative for sellers of homes, the rise...