by Anthony | Jan 2, 2017 | Uncategorized
According to the website NJBiz.com, it was announced that the Fort Monmouth Economic Revitalization Authority [FMERA] announced that it has purchased the remaining 560 acres of Fort Monmouth tracts held by the U.S. Army. The property was purchased for a single payment...
by Anthony | Jan 2, 2017 | Uncategorized
NJ Realtor Stats October 2016 Market predictions have been, in a word, predictable. A relatively comfortable pace of activity has been maintained thanks to continuing low unemployment and mortgage rates. The one basic drag on market acceleration has been inventory...
by Anthony | Jan 2, 2017 | Uncategorized
Ocean County Single Family 2015 2016 Change New Listings 990 920 -7.1% Closed Sales 601 619 +3.0% Days on Market 96 95 -1.0% Median Sales Price $270K $287K +6.3% % of Price Recvd 95.3% 96.2 +0.9% Inventory 5,424 4,463 -17.7% Months of Supply 11.0 7.3 -33% Monmouth...
by Anthony | Jan 2, 2017 | Uncategorized
Home prices are projected to continue to rise nationally at the low-end of 3.5% in 2017 according to many of the industry analytic groups. This compares with the 5.5% increase reported by the recent S&P CoreLogic Case-Shiller Index from what was reported in...
by Anthony | Jan 2, 2017 | Uncategorized
The saying used to go, “Location. Location. Location.” Now with shrinking inventory continuing to play a significant role in these upward trends, it will probably be restated to be, “Inventory. Location. Inventory.” According to the Zillow...
by Anthony | Jan 2, 2017 | Uncategorized
A closer look at the numbers will reveal a real breakdown in activity in the market for the state. Such historical data should be factored into any decision to sell or buy a home in New Jersey during the months of December to May 2017. Back in November of 2015, the...
