February Sales for Bergen & Passaic Counties

Bergen and Passaic Counties Bergen County Single Family Homes for February Key Metrics         2022       2023     Change New Listings         645        440     – 31.1% Closed Sales        416         261     – 37.3% DOM*                     55          59      +...

February Sales Morris & Middlesex Counties

Morris and Middlesex Counties Morris County Single Family Homes for February Key Metrics       2022       2023     Change New Listings       408         283     – 30.6% Closed Sales      274         160     – 41.6% DOM*                   42           54      + 28.6%...

Lower Rates, Sustained Demand and Stable Supply

The demand for housing in the area of existing home sales climbed 14.5% in February. This represents a shift in the erosion of existing sales that had been on a 12th month skid. It also represents a 22.4% increase year-over-year, which is the largest since July 2020....

February Sales – Monmouth & Ocean Counties

Monmouth County Single Family Homes for February  Key Metrics       2022       2023      Change New Listings       538         495       – 8.0% Closed Sales      367         260       – 29.2% DOM*                   47           54        + 14.9% Median PX       ...

New Jersey February Sales

In its continued effort to curb inflation, the Federal Reserve raised its benchmark interest rate in February by a quarter-percentage point to 4.50% – 4.75%, its 8th rate hike since March of last year, when the interest rate was nearly zero. Mortgage interest...