Morris and Middlesex Counties

Morris County Single Family Homes for May Key Metrics    2018   2019   Change New Listings  1,117   1,077 – 3.6% Closed Sales     441      468   + 6.1% DOM*              56        57      + 1.8% Median PX     $440K  $455K  + 3.4% % of PX      98.6%   98.7%    + 0.1%...

Monmouth and Ocean County May Sales

Monmouth County single-family sales remain stable for the month of May on a year-to-year basis. Even though clothes sales dropped by 5.5% the number of new listings increased from 1263 to 1265 year of the year. Median sales price also increased but only by 1.1% to...

NJ May 2019 Numbers

At this point in the year, we are getting a good sense for how the housing market is likely to perform for the foreseeable future. And although it is not a particularly exciting forecast, it is a desirable one. Markets across the country are regulating toward a middle...

Housing Starts Fall 4.7 Percent

Building Permits Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,294,000. This is 0.3 percent (±1.3 percent)* above the revised April rate of 1,290,000, but is 0.5 percent (±1.4 percent)* below the May...

Summer is Officially Here

In 2019, the summer solstice will occur on Friday, June 21, at 11:54 A.M. EDT. This marks the official beginning of summer as the Northern Hemisphere points itself toward the sun, resulting in the longest day and shortest night of the calendar year. By longest “day,”...