📈Let’s compare how the real estate market in Monmouth and Ocean counties performed in August compared to last year.
📉As summer comes to a close, many buyers are still hoping and waiting for the real estate market to cool off. The market does show signs of slowing BUT data shows we are still in a seller’s market. Things are just not *as* extreme as we have seen in the last year or two.
↗️Higher interest rates are still a concern for buyers and some have opted to wait to see if they go down before re-entering the market. However, some are using this time to continue searching, feeling hopeful with less competition, it will make it easier to finally secure a home after months of dealing with the buying frenzy.
📊Check out the infographics I created based on the information supplied by the Monmouth/Ocean Regional Realtors (MORR) as well as a current market snapshot taken from data from the Monmouth/Ocean MLS this morning.
MORE REPORTS FROM THE NATIONAL ASSOCIATION OF REALTORS
📲If you have any questions real estate, give me a call. I’m always happy to help!
#NewJerseyRealEstate #NJRealtor #NJRealEstate
#2022Market #RealEstateMarket #NJHousingMarket