From NorthJersey.com:
Real estate update: May marks 7th month of housing inventory growth across the nation
May marked the seventh consecutive month of housing inventory growth across the nation, signaling that the number of homes for sale may slowly be returning to normal.
“The biggest eye-catcher for me is the fact that inventory is rising sharply, said Realtor.com’s Senior Economist Ralph McLaughlin. “There are 35.2% more homes on the market than this time last year, an incredible trend in the direction of normality.”
Despite this inventory increase, the national median listing price increased by 0.3% in May compared to last month. While median listing prices have remained similar to what was seen this time last year, the median list price per square foot has increased by 3.8%. And, overall, homes have spent more time on the market in May, the second month in a row, compared to last year.
…
In New Jersey, 13 counties saw an increase in new home listings compared with May 2023, and 11 counties saw new home listings increase compared with April.
Passaic County was the only North Jersey county to see inventory increase from this time last year. With 332 new listings in May, Passaic County saw an increase of 9.21% from May 2023 and 9.93% from last month. And, while not an increase in inventory, Hudson and Morris counties had 480 and 544 new listings, which was about the same compared with May 2023.
Bergen County was the only North Jersey county to see inventory decreases compared with May 2023 and last month. The county had 874 new listings in May, a 2.02% decrease from May 2023 and a 2.89% decrease from last month. Then, Essex and Sussex counties had 492 and 246 new listings in May, respectively — a 3.91% and 4.65% decrease from last year.
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Bergen County was the only North Jersey county to see inventory decreases compared with May 2023 and last month. The county had 874 new listings in May, a 2.02% decrease from May 2023 and a 2.89% decrease from last month. Then, Essex and Sussex counties had 492 and 246 new listings in May, respectively — a 3.91% and 4.65% decrease from last year.
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In North Jersey, homes stayed on the market for the shortest period of time in Morris and Passaic counties, at 17 and 19 days, respectively. Listings are staying on the market for about 24 days in both Bergen and Essex counties, and 31 days in both Hudson and Sussex counties.
Nearly every New Jersey county had an increase in median home prices compared with May 2023, but four counties saw prices decrease from last month: Atlantic, Essex, Hunterdon and Warren.
Morris County had the highest median price increase in North Jersey at 15.35%, with a median listing price of $749,725. Bergen and Hudson counties had median listing prices of $807,500 and $675,000 — a 7.7% and 4.01% increase from May 2023, respectively — while Passaic and Sussex counties had increase of 8.58% and 1.89%, with median listing prices of $499,450 and $407,475.
Essex County was the only North Jersey county to see a slight decrease in median listing prices from April. At $580,000, Essex County had a median price increase of 8.51% from May 2023, but a .39% decrease from last month.
Phoenix says:
June 9, 2024 at 9:53 am
It’s good to be the king. Hehe.
Financial disclosures for eight of the nine Supreme Court Justices were made public on Friday, revealing information about a gifted trip to Bali, free concert tickets to see Beyoncé, and nearly $1.6 million in book deals.
The annual disclosures come as the court faces mounting pressure over its transparency and accountability measures, particularly concerning potential conflicts of interest and ties to affluent donors. A string of revelations in recent years about some of the Justices and undisclosed gifts has only intensified public scrutiny and raised questions about the impartiality of the judiciary.
Justice Clarence Thomas acknowledged for the first time that he accepted luxury travel from Republican billionaire Harlan Crow for previously undisclosed trips he had taken in 2019 to Bali and a private all-male club in Northern California.
The two trips were at the center of a ProPublica report last year exposing Thomas’ unreported luxury travel, triggering unprecedented scrutiny over the wealthy benefactors close to the Justices and their commitment to ethics rules. The story claimed that Thomas and his wife, Ginni, took lavish trips paid for by Crow, a Texas real estate mogul and Republican megadonor, almost on a yearly basis for over two decades without disclosing them.
Can’t trust the PoPo. Can’t trust your politicians. Can’t trust your judges or your realtors, or your auto mechanic. Or your teachers, they, and the clergy, will bang your kids. Can’t trust your doctors either. Hehe.
The growth is fueled by a growing distrust of Big Medicine and confidence in home-testing borne from the Covid pandemic.
Venture capitalists and entrepreneurs told The Post that they envision a world where frequent at-home testing is a routine part of life, enabling everyone to become “the CEO of their own health,” said Luca Springer, who co-founded a Silicon Valley start-up that aims to make cancer testing as simple as a home-pregnancy test.
Patients in remission from cancer, for example, could use urine strips to check if the disease has returned, he said, confirming the results with their doctor. He noted that at one time home pregnancy tests were considered scandalous and that most cancers are still detected way too late.
Thomas is unethical. Didn’t need a report to know this. Yet Biden and twice elected Obama is supposedly ruining our country.
Of the last 10 closings near me in Monmouth county 7 were over ask with the highest 26.2% over ask (Estate, entire gut needed, busy road, more than 5 miles to beach). Median over ask 7.54%. Of the 3 under ask 4.4% was the highest discount with 2.6% median. The going rate for a 4 bedroom 2 1/2 bath that doesn’t need an entire gut job and at least 7 miles from the ocean is hovering around a million. Anything within a mile of the beach is still at a premium. Inventory is starting to pile up and I’m seeing several winter rental signs where owners usually left their homes empty all winter.
81 year old driving an F-150, fails to yield and crashes into a car killing twin 23 year old brothers in Vineland, NJ this past Tuesday.
NJ Coast: Winter rental signs? That is interesting, so these people are looking to rent their houses for 3/4 months in the Winter while they are in Fla I presume? Looking for cash to keep both places going? Who rents a house for 3 or 4 months only to have to move again?
If the cops damage your house in either error or in pursuit of a fugitive your on your own for the repairs. Government won’t pay for it and insurance doesn’t cover it. Unless you live in ate as or one other state than the government is responsible.
https://www.dailymail.co.uk/news/article-13401655/SWAT-team-Hollywood-raid.html
3b, there’s actually a lot of people that will do an off-season rental because they have been cheap. Belmar used to have a ton. My mom did one in manasquan about 8 years back. I have no idea where they go in the summer.
Thomas is unethical. Didn’t need a report to know this. Yet Biden and twice elected Obama is supposedly ruining our country.
Justice Ketanji Brown Jackson received a $1,200 “congratulatory floral arrangement” from Oprah Winfrey and Justice Sonia Sotomayor received nearly $150,000 in book royalties from her publisher. There’s a lot more… any questions?
‘Bammy is by far, the most damaging president we’ve had in the history of this nation. Joey Diapers is just along for the ride… an awful leader but weak and dumb. The country is near ruin, let’s hope it can be repaired.
BRT: Understand. Just does not make sense in my opinion.
A democrat sales pitch: Offering utopian dreams at dystopian prices.
I just made it up. If it’s not in quotes or italics, it’s my thoughts.
Off season was hot during covid.
My wife’s aunt has been renting to a woman in corp finance from nyc every year since for last few.
Grim: I don’t see the attraction renting for winter. Perhaps, some people like walking the beach in the winter.
Just down at Delsea high school for state track championships.
My son won 1600 & 3200 for Group 3.
It’s so far down there. A big rural dust bowl midway between Philly and Cape May.
3b says:
June 9, 2024 at 11:56 am
81 year old driving an F-150, fails to yield and crashes into a car killing twin 23 year old brothers in Vineland, NJ this past Tuesday.
Chi, and any other sport parent, this guy is for you.
https://www.instagram.com/p/C6ufVbXL3YH/
https://www.instagram.com/p/C7uuNUEuM9z/
Actually, its a great option for someone who unloads their home onto a sucker in Late August and wants to wait out the market into more sane listing/selling prices.
BRT: oof
“fucking Oompa Loompa moron”
“Donald von ShitInPants”
Michael Cohen
“Justice Ketanji Brown Jackson received a $1,200 “congratulatory floral arrangement” from Oprah Winfrey and Justice Sonia Sotomayor received nearly $150,000 in book royalties from her publisher. There’s a lot more… any questions?”
I have some questions!
You think getting some flowers is a big deal? Are royalties from a book you wrote a gift?
Do either of those compare to the millions Thomas has received from rich republican donors for what… just being a nice guy?
Winter rentals at the shore here are from Labor Day to June. Perfect for kids going to Monmouth University. Owners live in Brooklyn where their kids are in school. Most of the homes are only used two and a half months a year. I rented my childhood home for the winter when I built my house, it was the same owners my parents had sold to 20 years before. All construction has to stop between June 30 and Labor Day only leaving September through June to build.