March Sales for Morris & Middlesex Counties

by | Apr 30, 2024 | Uncategorized

Morris County Single Family Homes for March Key Metrics 2023 2024 Change New Listings 418 389 – 6.9% Closed Sales 274 221 – 19.6% DOM* 45 37 – 17.8% Median PX $609K $686K + 12.7% % of PX 101.9% 104.0% + 2.1%...

March Sales for Monmouth & Ocean Counties

by | Apr 29, 2024 | Uncategorized

Monmouth County Single Family Homes for March Key Metrics 2023 2024 Change New Listings 624 568 – 6.1% Closed Sales 414 316 – 23.7% DOM* 52 49 – 5.8% Median PX $597K $680K + 13.9% % of PX 99.7% 101.1% + 1.4%...

NJ Existing Home Sales Decrease

by | Apr 25, 2024 | Uncategorized

U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National...

Interest Rates Hit 7.89%

by | Apr 24, 2024 | Uncategorized

According to the website Bankrate, the 30-year-fixed mortgage hit 7.896% on April 22nd. This trajectory of interest rates for home mortgages continues to escalate, creating a greater demand upon buyers not only for down payments but also in their monthly budgets for...