Northeast and Northwest are losing residents.

Hudson County Single Family Homes for November Key Metrics 2021 2022 Change New Listings 121 86 – 28.9% Closed Sales 91 64 – 29.7% DOM* 41 52 + 26.8% Median PX $420K $520K + 18.2% % PX Rec’d 99.7% 98.7%...

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New Jersey's rate of zombie properties is 0.41%. The national rate for zombie properties is 1.26%. New Jersey has the fifth smallest percentage of zombie properties. Some counties in New Jersey have a higher rate of zombie properties than others. Cape May has the...

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Trend Watch Before any major shift occurs within a major market, there is movement that appears in the adjacent territories. As in the case of the recent sellers' market, which dominated real estate since 2020, there is a new shift occurring in some of the less active...

Nationally, homeowner equity gained $34,300 in the third quarter of 2022, since the third quarter of 2021. Approximately 63% of all properties in the United States hold mortgages, with equity increasing 15.8% year over year. This represents a collective gain of $2.2...

Bergen and Passaic Counties Bergen County Single Family Homes for November Key Metrics 2021 2022 Change New Listings 573 439 – 23.4% Closed Sales 661 487 – 26.3% DOM* 42 39 – 7.1% Median PX $619K $625K + 1.0%...

Morris and Middlesex Counties Morris County Single Family Homes for November Key Metrics 2021 2022 Change New Listings 364 282 – 22.5% Closed Sales 472 304 – 35.6% DOM* 35 39 + 11.4% Median PX $540K $575K + 6.5% % of PX 101.3%...

There were 23,627 homes for sale in November 2022, a 13% decline over last year. ■ Median sales prices are up 7.8% year-to-date in the total market, while new listings and closed sales dropped in November 2022. ■ Existing home and pending home sales have continued to...

Monmouth County Single Family Homes for November Key Metrics 2021 2022 Change New Listings 441 423 – 4.1% Closed Sales 619 423 – 31.7% DOM* 37 34 – 8.1% Median PX $580K $650K + 12.1% % of PX 101.2% 99.3% – 1.9% Inventory 1,255 1,503 – 19.8% Months Supply 2.1 3.2...

THE ONE THING: New home sales climbed by nearly 6% HUD and the US Census Bureau published figures for new home sales in the month of November 2022. The government reported a seasonally adjusted annual rate of 640,000, which represents an increase of 5.8% from October....