Essex and Union County Sales

by | Oct 28, 2020 | Uncategorized

Essex County Single Family Homes for September Key Metrics 2019 2020 Change New Listings 749 784 + 4.7% Closed Sales 393 623 + 58.5% DOM* 53 36 – 32.1% Median PX $429K $5255K + 22.4% % of PX 99.5% 103.9% + 4.4% Inventory 1,898 1,203 – 36.6% Months Supply...

Monmouth & Ocean County Sales

by | Oct 27, 2020 | Uncategorized

Monmouth County Single Family Homes for September Key Metrics 2019 2020 Change New Listings 934 1,063 + 13.8% Closed Sales 529 849 + 60.5% DOM* 59 52 – 11.9% Median PX $440K $565K + 28.4% % of PX 97.6% 99.1% + 1.5% Inventory 3,249 1,892 – 41.8% Months...

NJ Closed Sales Soar 30%

by | Oct 26, 2020 | Uncategorized

Strong buyer activity has continued into the fall, which is normally the start of the seasonal slowing of the housing market. With stronger buyer activity in the market this year and the continued constrained supply of homes for sale, speedy sales and multiple offers...

Housing Shortage Shutting Out First-Time Buyers

by | Oct 23, 2020 | Uncategorized

While Low Mortgage Rates Drive Home Prices to Record Levels Everyone knows that the residential real estate market is hot; but not all buyers are happy about it. First-time buyers have less inventory to choose from than at any other time in recent memory. The...