Keller Williams Reaches $70 Million Settlement

It was announced on February 1st that Keller Williams has reached a settlement in the litigation with respect to the Sitzer/Burnett lawsuit. This settlement, along with all copycat cases, will have Keller Williams pay out $70 million to settle this major class-action...

High NJ Rents Impacting Real Estate Dynamics

The squeeze is on, the housing market doesn’t seem to be getting a break from any direction. Rents continued to be rising at unmanageable rates. According to Zillow the median rent in the state of New Jersey is $2,500 per month, that is just $100 higher from...

December Bergen & Passaic County Sales

Bergen and Passaic Counties Bergen County Single Family Homes for December Key Metrics         2022       2023     Change New Listings        240         205     – 14.6% Closed Sales        491        408     – 16.9% DOM*                    39          30     – 23.1%...

December Hudson County Sales

Hudson County Single Family Homes for December Key Metrics       2022       2023     Change New Listings         57           52      – 8.8% Closed Sales        49           53      + 8.2% DOM*                   48           38      – 20.8% Median PX       $500K  ...

December Morris & Middlesex County Sales

Morris and Middlesex Counties Morris County Single Family Homes for December Key Metrics       2022       2023     Change New Listings       161        134     – 16.8% Closed Sales      301        296     – 1.7% DOM*                   38          34     – 25.6% Median...

December Monmouth and Ocean County Sales

Monmouth County Single Family Homes for December Key Metrics       2022       2023      Change New Listings      254        249      – 2.0% Closed Sales      387        360      – 1.8% DOM*                  40         42        + 5.0% Median PX        $615K    $670K ...