Builders Can’t Keep Up With Demand

Recent article in Fortune magazine talked about how builders will be in the driver’s seat because of the shortage of inventory over the next few years. The number of new homes being built has not slowed down, according to the recent KB Home article published in...

August Sales for Morris & Middlesex Counties

Morris and Middlesex Counties Morris County Single Family Homes for August Key Metrics       2022       2023     Change New Listings       417        348     – 16.5% Closed Sales      559        353     – 36.9% DOM*              26          26     + 0.0% Median PX   ...

August Sales for Bergen & Passaic Counties

Bergen County Single Family Homes for August Key Metrics         2022       2023     Change New Listings        671      524     – 21.2% Closed Sales        719         568     – 21.0% DOM*                32           28      – 12.5% Median PX        $679K    $785K   ...

August Sales for Monmouth & Ocean Counties

Monmouth County Single Family Homes for August Key Metrics       2022       2023      Change New Listings      860        618      – 23.7% Closed Sales      623        459      – 26.3% DOM*               24         32      + 33.3% Median PX        $675K    $779K   ...