2020 Forecast for New Jersey

Here are some of the trends and features the New Jersey real estate industry will face in 2020: ■ A continued shortage of available housing, especially for the first-time buyer ■ Higher existing home sales ■ A battle with state and local municipalities over the...

NJ September Single Family Homes Morris and Middlesex

Morris County Single Family Homes for September Key Metrics    2018   2019   Change New Listings  720   767   + 6.5% Closed Sales     393   388  – 1.3% DOM*              53        58     + 9.4% Median PX     $439K  $446K  + 1.7% % of PX      97.9%   97.5%   – 0.4%...

Monmouth and Ocean Single Family Sales

Monmouth County Single Family Homes for September Key Metrics    2018   2019   Change New Listings  848    932   + 9.9% Closed Sales     579   527    – 9.0% DOM*                59      59      0.0% Median PX     $450K  $440K  – 2.2% % of PX      97.9%   97.6%  – 0.3%...

NJ September Sales and Prices Climb

Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates and a strong economy. The market fundamentals suggest no significant changes from recent trends, other than the seasonally tempered pace we see this time of year. As we move into the...