April Morris & Middlesex County Existing Sales

Morris and Middlesex Counties Morris County Single Family Homes for April Key Metrics       2022       2023     Change New Listings       619         451     – 27.1% Closed Sales      360         224     – 37.8% DOM*                   30           35      + 16.7%...

New Jersey’s Air Quality Crisis

Because of the various droughts throughout the country, a number of major forest fires are contributing to the poor air quality that seems to cloud the entire state. The haze of smoke is coming from fires in Quebec, Canada, and even in Jackson Township. These blazes...

New Listings Decrease from 2022

The housing market remained sluggish this week. The pace of price growth inched forward at a crawl, with an increase of less than one percent compared to the same period last year. Nevertheless, the persistently high housing costs and scarcity of available properties...

Recalibration of Commercial Real Estate in 2023

The commercial office sales market has been very slow, with investors purchasing only $10.7 billion worth of office property in Q1 2023, which is down 68% from Q1 2022. The higher interest rates have also squeezed margins out of the commercial sector, making it much...