Inventory Plus Inflation Equal Unaffordability

Overall, inflation is a factor hitting all sectors of the economy, real estate included. Less week CoreLogic reported that the average home price increased by over 18% year-over-year. It appears that this rate is slowing as the rate from May to June was only .6%,...

Bergen and Passaic County June Sales

Bergen and Passaic Counties Bergen County Single Family Homes for June Key Metrics 2021 2022 Change New Listings 1,232 1,068 – 13.3% Closed Sales 895 770 – 14.0% DOM* 30 25 – 16.7% Median PX $656K $711K +...

Monmouth and Ocean County June Sales

Monmouth County Single Family Homes for June Key Metrics 2021 2022 Change New Listings 1.018 934 – 8.3% Closed Sales 724 616 – 14.9% DOM* 29 26 – 10.3% Median PX $625K $675K + 8.0% % of PX 103.4% 104.9% +...