COVID-19 Shutdowns Spike 4 Million Layoffs

Last week 3.3 million workers applied for unemployment insurance. In addition to being an all-time record, it exceeded the projections of many economists who were expecting just 2 million. Combining last week’s applications with the prior week’s numbers of...

Single Family Sales Bergen & Essex Counties

Bergen and Essex counties reported marked increases in both the number of closed sales and median prices for single family homes during the month of February. What continues to plague these counties is the inventory shortage for Bergen and Essex to just 3.4 months...

Morris and Middlesex Counties

Morris County Single Family Homes for February Key Metrics   2019  2020 Change New Listings  668    743 + 11.2% Closed Sales 253  265 + 4.7% DOM*            80   69  – 13.8% Median PX $415K $425K + 2.4% % of PX      96.5% 97.1% + 0.7% Inventory     1,870  1,564 –...

Monmouth and Ocean Sales

Monmouth County Single Family Homes for February Key Metrics 2019 2020 Change New Listings 901 922 + 2.3% Closed Sales 373 355 – 4.8% DOM* 77 73 – 5.2% Median PX $410K $450K + 9.6% % of PX 96.0% 97.1% + 1.1% Inventory 2,672...