February Monmouth & Ocean County Sales

Monmouth County Single Family Homes for February Key Metrics 2021 2022 Change New Listings 598 537 – 10.2% Closed Sales 444 359 – 19.1% DOM* 53 46 – 13.2% Median PX $550K $580K + 5.5% % of PX 99.3% 101.7% +...

February New Jersey Existing Home Sales

The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure, according to the National Association of REALTORS®. Experts attribute the growth in sales to an uptick in mortgage interest...

CoreLogic Reports Surge in Existing Home Prices

January Existing Home Prices Skyrocket 19.1% CoreLogic reported that in January existing home prices soared 19.1% year-over-year. Despite severe inventory constraints home buyers continue to pour into the market, driving prices up to new record levels. Most likely...

Mortgage Rates Begin to Be a Factor

As mortgage rates hit an average of 4.6% on a fixed 30-year mortgage, experts are concerned that the rise in rates will impact overall sales of properties. Still, demand for homes remains historically very strong as January home sale prices increased by 19%...