Morris & Middlesex County August Sales

Morris and Middlesex Counties Morris County Single Family Homes for August Key Metrics 2021 2022 Change New Listings 590 412 – 30.2% Closed Sales 649 560 – 13.7% DOM* 30 26 – 13.3% Median PX $595K $600K +...

Home Appreciation Predicted to Slow Down

CoreLogic published its research this month reporting that over the last 12 months, home prices nationwide, including distressed sales, increased year-over-year by 15.8% in July 2022 compared with July 2021. Yet, there was a distinct slowdown on prices on a...

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...