Morris & Middlesex County Sales

Morris and Middlesex Counties  Morris County Single Family Homes for January Key Metrics       2021       2022     Change New Listings       410         316     – 22.9% Closed Sales      392         335     – 14.5% DOM*                   41           37      – 9.8%...

Monmouth & Ocean January Sales

Monmouth County Single Family Homes for January Key Metrics       2021       2022     Change New Listings       611         488     – 20.1% Closed Sales      539         449     – 16.7% DOM*                   46           39      – 15.2% Median PX        $550K   ...

New Jersey January Sales

The 2022 real estate market begins where 2021 left off, in which existing home sales reached their highest level since 2006, with the National Association of REALTORS® reporting sales were up 8.5% compared to the previous year as homebuyers rushed to take advantage of...

Markets Resume Their Uptick

OVERPRICED?  A recent report being cited by MarketWatch indicates that the coastal towns are not the big winners in this bonanza real estate market. The typical places that we would expect to be overvalued are not – Los Angeles and New York – but actually the number...

Forbearance Rate Falls Again

The Mortgage Bankers Association reported that the forbearance rate fell to 1.3% in January from 1.41% in December. This translated into approximately 650,000 homeowners who were in forbearance as of January 31st. This metric has only been calculated by the MBA for...