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Pending home sales increased in March 2021 from February pending home sales. A great deal of the increase reflects the growth of new home listings that came on the market during the month of March. February and January pending sales reflected the shortage of inventory...

The Escalation Clause First of all, escalation clauses are permissible in the state of New Jersey. In a bidding war, buyers and sellers have to adapt to the market's temperature. More buyers are using escalation clauses when making an offer to purchase a home. This...

For the last 18 months, home prices have been increasing at an unrelenting rate. In many New Jersey counties, the average home price increased by 20% or more. New Jersey March Median Price Changes Monmouth County + 22.3% Ocean County + 24.$% Middlesex County + 17.7%...

Bergen County   Single Family Homes for February Key Metrics        2020    2021   Change New Listings         880     1,007    +14.4% Closed Sales        488     652     + 35.7% DOM*                   66        50    –  24.2% Median PX       $510K   $590K   + 15.7% %...

Will the surge in demand for residential housing result in malls being converted into housing? Mall vacancies continue to increase and retailers look for other ways to sell their goods. According to Moody's Analytics, the vacancy rate for regional malls in the United...

DOWNLOAD THE MONMOUTH SUMMER GUIDE HERE! Urban Hiking Explore the cityscapes of Monmouth County as you hit the asphalt during this urban exploration on Saturday, May 1. Zipline Adventure Enjoy a heart-pounding ride through the trees down Big Brook's steepest zipline...

Union County   Single Family Homes for March Key Metrics        2020    2021   Change New Listings         538     652    + 21.2% Closed Sales        309     393     + 27.2% DOM*                    60       46    –  23.3% Median PX       $378K   $459K   + 21.5% % of...

Morris County   Single Family Homes for March Key Metrics        2020    2021   Change New Listings         657     713    + 8.5% Closed Sales        314     403    + 28.3% DOM*                   72        47    –  34.7% Median PX       $445K   $545K   + 22.5% % of...

Monmouth County   Single Family Homes for March Key Metrics        2020    2021   Change New Listings         770     687    + 15.2% Closed Sales        584     550     + 13.6% DOM*                   62        53    –  14.5% Median PX       $449K   $549K   + 22.3% %...

March 2021 New Jersey Sales Resutls Normal spring increases in sales activity, coupled with relaxing COVID-19 policies, created a very busy March real estate market as buyer demand continued largely unabated in the face of rising home prices and mortgage rates....