Median Home Sales Rise in NJ

by | Jan 5, 2023 | Uncategorized

There were 23,627 homes for sale in November 2022, a 13% decline over last year. ■ Median sales prices are up 7.8% year-to-date in the total market, while new listings and closed sales dropped in November 2022. ■ Existing home and pending home sales have continued to...

Monmouth & Ocean County November Sales

by | Jan 4, 2023 | Uncategorized

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 $650K + 12.1% % of PX 101.2% 99.3% – 1.9% Inventory 1,255 1,503 – 19.8% Months Supply 2.1 3.2...

Buyers Beware, Builders Are Bargaining 

by | Jan 3, 2023 | Uncategorized

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....