July Monmouth & Ocean County Sales

Monmouth County Single Family Homes for August Key Metrics 2019 2020 Change New Listings 567 594 + 26.0% Closed Sales 538 416 + 4.8% DOM* 46 51 + 10.9% Median PX $485K $500K + 3.1% % of PX 98.3% 98.8% + 0.5% Inventory 2,525 1,424 – 43.6% Months Supply 6.1 3.2...

August is the New April

When I read that line in a CNBC story on mortgage rates, it made me laugh. Everybody can clearly remember the impact the lockdown had on the real estate business in April 2020 with an incredibly disappointing month for businesses and real estate. With the the pandemic...

July Monmouth & Ocean County Sales

Monmouth County Single Family Homes for July Key Metrics 2019 2020 Change New Listings 959 1,183 + 23.4% Closed Sales 695 748 + 7.6% DOM* 52 56 + 7.7% Median PX $470K $500K + 6.4% % of PX 98.2% 98.1% – 0.1% Inventory 3,446 1,888 – 45.2% Months Supply 6.1...

NJ July 2020 NJ Monthly Stats

While much of the country was working on a phased reopening of the economy in June, real estate activity continued to strengthen as well. Nationally, June showing activity as tracked by ShowingTime was up notably from the COVID-19 depressed levels in recent months but...