Land Shortages Driving Home Prices Higher

According to a recent Wall Street Journal article, inventory isn’t the only issue facing the buyers and sellers within the real estate industry: right now, the United States as a country is short on land, specifically buildable land. The article mentions that...

Active Listings Soar 26 Percent

Market Update from 9/30/2022 Inflation trends – the Fed expects to continue to raise rates Inflation continues to be a negative factor, which the Fed believes it can control by raising interest rates. Unemployment trends – Initial claims for 9/24 fell to...

October Events in Monmouth County

FREE Tour of Battery Lewis   Saturdays & Sundays, October 1 & 2, 8 & 9, and 15 & 16 from 12-4 p.m. Hartshorne Woods Park, Highlands – Rocky Point section Tour the restored Historic Battery Lewis and learn about the history of this important former...

August Monmouth & Ocean County Sales

Monmouth County Single Family Homes for August  Key Metrics       2021       2022      Change New Listings       849         809       – 4.7% Closed Sales      721         621       – 13.9% DOM*                   31           24        – 22.6% Median PX        $610K ...

New Jersey August Sales

Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the...