Consumers Get a Raise in Pay

The U.S. Bureau of Labor Statistics released information that for the first time in two years, the hourly earnings for individuals increased by 0.2% on average, compared to May of 2022. This represents a significant economic shift. The report from the Labor Bureau...

New Realities Force NAR to Revise 2023 Forecast

The median sales price for a home in May 2020 was $284,000. That was up 2.3% from 2019. Now compare that price to the least expensive state, West Virginia, where the average home price is $147,000. In some ways, the West Virginia home has greater access to highways,...

May Sales for Hudson County

Hudson County Single Family Homes for May Key Metrics       2022       2023     Change New Listings     149        110      – 26.2% Closed Sales      88         72      – 18.2% DOM*                  44         38       – 13.6% Median PX      $538K   $495K    – 7.9% %...

May Sales for Bergen & Passaic Counties

Bergen and Passaic Counties Bergen County Single Family Homes for May Key Metrics         2022       2023     Change New Listings       1,036      702     – 32.2% Closed Sales        655         485     – 26.0% DOM*                33           34      + 3.0% Median...