Morris and Middlesex Existing Home Sales

Morris and Middlesex Counties Morris County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 781 615 – 21.3% Closed Sales 470 355 – 24.5% DOM* 45 30 – 33.3% Median PX $550K $575K + 4.5%...

April Monmouth and Ocean County Sales

Monmouth County Single Family Homes for April Key Metrics 2021 2022 Change New Listings 934 833 – 10.8% Closed Sales 565 491 – 13.1% DOM* 40 31 – 22.5% Median PX $575K $605K + 2.8% % of PX 102.8% 104.9% +...

Memorial Day – Remembering America’s Heroes

Memorial Day (originally known as Decoration Day is a federal holiday in the United States for mourning the U.S. military personnel who have died while serving in the United States armed forces. It is observed on the last Monday of May. It was formerly observed on May...

Bidding Wars Persist as Inventory Dwindles

The average 30-year fixed rate mortgage exceeded 5% in April, the highest level since 2011, according to Freddie Mac. The recent surge in mortgage rates has reduced the pool of eligible buyers and has caused mortgage applications to decline, with a significant impact...