Union & Essex Counties  Union County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       435         316     – 27.4% Closed Sales      389         313     – 19.5% DOM*                   37           38      + 2.7%...

Bergen and Passaic Counties  Bergen County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       639         596     – 6.7% Closed Sales      511         413     – 19.2% DOM*                   56           55      – 1.8%...

Morris and Middlesex Counties  Morris County Single Family Homes for February Key Metrics       2021       2022     Change New Listings       432         406     – 6.0% Closed Sales      331         274     – 17.2% DOM*                   49           42      – 14.3%...

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   ...

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 rates, as...

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...

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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%...

Total existing-home sales fell 7.2% in February 2022 from January 2022. The year-over-year sales also fell by 2.4%, registering 6.17 million homes sold year-over-year. Affordability continues to be a growing concern for new home buyers, in addition to the price wars...

Weaker Builder Sentiment Could Hold This Market Back One of the things that we have learned over the last couple years is that we can't really predict what will happen in a crisis, or even a disruption. As existing home sales thin because of the shortage of available...

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The inventory crisis that has plagued the real estate market for the last two years is now bumping heads with the supply chain issues that are curtailing builders’ abilities to meet demands for new homes. On top of it all, inflation has hit the economy like a tractor...