Morris & Middlesex County Sales

Morris and Middlesex Counties Morris County Single Family Homes for December Key Metrics       2021       2022     Change New Listings       220         159     – 27.7% Closed Sales      540         300     – 44.4% DOM*                   36           38      + 5.6%...

Decluttering in January

January Checklist to Decluttering We all want a better, more productive 2022. One way to start with the new is get rid of the old. Here is a short checklist of things to get rid of: ■ Old receipts ■ Winter clothing and shoes that you haven’t worn, trash can ■ Toys and...

Monmouth & Ocean County Sales

In December 2022, 40.5% of homes in New-Jersey sold below list price, down 8.8 points year. Monmouth County Single Family Homes for December Key Metrics       2021       2022      Change New Listings       312         254       – 18.6% Closed Sales      606       ...

NJ December Sales – Media Price Hits $455,000

2022 was a turbulent year for the US housing market, as inflation, soaring interest rates, and elevated sales prices combined to cause a slowdown nationwide. Affordability challenges continue to limit market activity, with pending home sales and existing-home sales...

Existing Home Sales for 2022 Reach 5 Million

Despite the fact that interest rates have doubled over the last 12 months, inventories have contracted by double-digits from 2021, and inflation has torn apart most prospective buyers’ budgets, existing home sales totaled 5.02 million in 2022. On a...

Foreclosures Bump Up in 2022

A total of 324,237 U.S. properties reported foreclosure filing in 2022, which is up 115% from 2021. This number is only 89% of the 2.9 million foreclosures reported in 2010 in the midst of the crash. The 324,237 foreclosure properties in 2022 total 0.23% of all U.S....