March Sales for Monmouth & Ocean Counties

Monmouth County Single Family Homes for March Key Metrics 2023 2024 Change New Listings 624 568 – 6.1% Closed Sales 414 316 – 23.7% DOM* 52 49 – 5.8% Median PX $597K $680K + 13.9% % of PX 99.7% 101.1% + 1.4%...

NJ Existing Home Sales Decrease

U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National...

Interest Rates Hit 7.89%

According to the website Bankrate, the 30-year-fixed mortgage hit 7.896% on April 22nd. This trajectory of interest rates for home mortgages continues to escalate, creating a greater demand upon buyers not only for down payments but also in their monthly budgets for...

Mercer County Sales Price Surges 33%

Mercer County Single-Family Sales Surge 33% year-Over-Year. The only county that did not post positive results was Cape May County which reported a decrease of 9%. 1 Mercer County + 33% 2 Union County + 26% 3 Hudson County + 23% 4 Warren County +22% 5 Somerset County...