May Sales for Monmouth and Ocean Counties

Monmouth County Single Family Homes for May Key Metrics 2023 2024 Change New Listings 701 735 + 4.9% Closed Sales 440 410 – 6.8% DOM* 39 37 – 5.1% Median PX $650K $750K + 15.4% % of PX 101.6% 102.8% + 1.2% Inventory 1,212 1,114...

May New Jersey Monthly Results

U.S. existing-home sales fell for the second month in a row, sliding 1.9% month-over-month and 1.9% year-over-year, according to the National Association of REALTORS® (NAR), with sales down in all four regions of the country. Higher borrowing costs and...

Real Estate Co-Marketing

  Co-Marketing When real estate professionals are building their business, it is imperative to select the right co-marketing partners in order to leverage networks, build brands, enhance credibility, and ultimately boost the bottom line. Here’s a checklist...

Prices Hit New Highs, But More Homes Cut Prices

The most recent report from Redfin is that the median sale price of a home domestically hit an all-time high of $394,000 during the first week ending June 9th. Part of it might be attributed to the easing of mortgage rates down to approximately 6.5%, but demand for...

NJ Homeowners Gain Nearly $60K in Equity

The Northeast posts some of the biggest home equity gains in Q1 2024. According to the recent CoreLogic report, New Jersey posted an average $59,000 increase in homeowner equity, placing it at number 3. California came in number 1, Massachusetts number 2 with New...