Morris and Middlesex April Sales

Morris County Single Family Homes for April Key Metrics   2019   2020   Change New Listings  913     657    – 28.0% Closed Sales 329     309     +  1.4% DOM*              71       72     + 1.4% Median PX $411K  $445K  + 8.1% % of PX      97.1%  97.6%  + 0.5%...

Mortgage Applications Surge

Home buyers are reflecting an invasion of interest in buying homes based upon the spike in new purchase mortgages. This reflects a 54% spike in mortgage applications since early April. The number of refinance applications showed little change, but reflected a...

Union & Essex County Sales

Union County Single Family Homes for April Key Metrics 2019 2020 Change New Listings 850 288 – 66.1% Closed Sales 373 308 – 17.4% DOM* 56 53 + 5.4% Median PX $369K $449K + 21.9% % of PX 99.0% 99.0% + 0.0% Inventory 1,805 1,053...

Monmouth and Ocean April Sales

Monmouth County Single Family Homes for April Key Metrics 2019 2020 Change New Listings 1,270 440 – 64.5% Closed Sales 506 491 – 3.0% DOM* 68 61 – 10.3% Median PX $429K $485K + 13.1% % of PX 97.2% 97.8% + 0.6% Inventory 3,139 2,025 – 35.5%...

New Jersey Single Family Prices Climb Again

While the stock market recovered significantly in March, the effects of COVID-19 to the economy continue to build. In just the last four weeks, more than 20 million people nationwide filed initial unemployment claims according to the United States Department of Labor,...

Honoring America’s Heroes

Counsellors Title, this year in observance of Memorial Day, will be closed this Monday, May 25th, 2020, in honor of the men and women who have served and have given the ultimate sacrifice so that America can be free. We will close Friday, May 22nd, 5:30pm and will...