Active Inventory Soars

■ Buyers are seeking lower-cost housing outside of their local markets ■ New listings continue to retract from 2022, falling by 9% from 2022 ■ Good news for the market: active inventory soared 71% from 2022 levels ■ Median prices continue to increase (7.7%) Y-O-Y and...

What does title insurance cover?

Title insurance covers any undiscovered problems with a property’s title. This could include:  Forged title Title filing errors Back taxes Competing ownership claims due to inconsistent or conflicting wills Unknown heirs to the property who come forward to claim...

Hudson County Sales

Hudson County Single Family Homes for December Key Metrics       2021       2022     Change New Listings         62         54      – 12.9% Closed Sales        105        50      – 52.4% DOM*                  39           46       + 17.9% Median PX       $500K   ...

NJ Inventories Slide But Gains in Home Searches

NJ Inventory Continues to Erode The problem with supply/demand markets is that you can have one without the other. The demand for housing remains consistently strong, but it remains the catastrophic shortage of existing homes for sale that is creating so much of the...

Bergen & Passaic County Sales

Bergen County  Single Family Homes for December Key Metrics         2021       2022     Change New Listings         365         288     – 37.5% Closed Sales        700         489     – 30.1% DOM*                     42           39      – 7.1% Median PX        $590K ...