Monmouth & Ocean County November Sales

Monmouth County Single Family Homes for November Key Metrics       2021       2022      Change New Listings       441         423       – 4.1% Closed Sales      619         423       – 31.7% DOM*                   37           34        – 8.1% Median PX        $580K ...

Buyers Beware, Builders Are Bargaining 

THE ONE THING: New home sales climbed by nearly 6% HUD and the US Census Bureau published figures for new home sales in the month of November 2022. The government reported a seasonally adjusted annual rate of 640,000, which represents an increase of 5.8% from October....

NJ November Median Price Hits $470K

Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. Buyers aredelaying home purchases in hopes rates will drop, while many sellers are holding off on listing their homes...