NCJAR Market Data is a comprehensive report that provides valuable insights into the real estate market in the North Central New Jersey region. It includes key metrics such as median listing price, average selling price, number of active listings, and the average days a property stays on the market, among others. This dynamic tool serves as a valuable resource for Realtors, buyers, and sellers, assisting them in making well-informed decisions in their real estate transactions.
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Join Us for NCJAR's Networking Social at Grano Pizzeria
Join NCJAR for a Networking Social at Grano Pizzeria & Italian Tavern on Wednesday, September 17th, from 4 PM to 7 PM at 435 Park Ave, Scotch Plains, NJ 07076.
Enjoy an evening of great food, drinks, and conversation with fellow professionals in a relaxed atmosphere. This event is the perfect opportunity to unwind, connect, and make lasting connections. Don't miss out on this fun-filled event!
For questions, please contact us at 973-425-0110 or email
REGISTER NOW
NCJAR MEMBERS: $20 (MUST LOGIN TO GET DISCOUNTED PRICE)
NON-MEMBERS: $99
Congratulations to Our 2025 REALTOR® Emeritus Honorees
NCJAR proudly congratulates Jeffrey Jones and Carol Tangorra on achieving the prestigious REALTOR® Emeritus status, as recognized by the National Association of REALTORS®.
This honor celebrates more than 40 years of dedicated service, professionalism, and commitment to the real estate industry. Their remarkable careers stand as a testament to their integrity, leadership, and contributions to both clients and colleagues alike.
Please join us in applauding Jeffrey and Carol for this well-deserved recognition and milestone achievement.
For more questions or concerns, please contact us at
July 2025 Market Stats
U.S. existing-home sales fell 2.7% from the previous month to a seasonally adjusted annual rate of 3.93 million, according to the National Association of REALTORS® (NAR). Sales were unchanged from one year earlier. Regionally, monthly sales declined in the Midwest, Northeast, and South but rose in the West. Year-over-year, sales decreased in the Northeast and West but increased in the South and Midwest.
- Single Family Closed Sales were down 0.1 percent to 1,861.
- Townhouse-Condo Closed Sales were up 11.5 percent to 456.
- Adult Communities Closed Sales were up 18.9 percent to 63.
New Consumer Guide: Do You Need Private Mortgage Insurance?
Note: Consumer guides do not constitute any change in NAR policy. Real estate professionals must ensure they market properties consistent with relevant MLS rules and educate sellers on the choices available.
Buying a home—especially your first—comes with lots of new terms and financial details to learn. One term that often causes confusion is private mortgage insurance (PMI). Let’s break down what it is, why it matters, and how it could impact your homebuying journey.
What Is PMI?
PMI is an insurance policy that protects the lender (not the buyer) in case you default on your loan. If you’re buying with a conventional mortgage and putting down less than 20%, your lender will likely require PMI.
How Does PMI Work?
Your lender arranges the PMI as part of your conventional loan. It’s usually provided by a private mortgage insurance company, and you’ll most often pay the premium as part of your monthly mortgage payment.
Other payment options may include:
- A one-time lump sum at closing.
- A combination of an upfront fee plus smaller monthly payments.
Join Us at the Real Estate Summit 2025
Connect. Learn. Lead.
Thursday, September 25, 2025
10:00 AM – 2:30 PM
County College of Morris
$35 Per Person
Hosted by NCJAR & the Metropolitan Builders and Contractors Association of New Jersey
The Real Estate Summit 2025 is the premier event where real estate professionals, policy influencers, and industry leaders come together to explore the evolving forces shaping housing and development in New Jersey.
This dynamic one-day summit is designed to inspire, inform, and connect. Attendees will gain valuable insights into the economic outlook, legislative priorities, capital markets, and the trends that will define the future of real estate. Whether you’re a broker, builder, lender, or industry advocate, this is your opportunity to connect, learn, and lead alongside the brightest minds in the business.
Event Schedule
910 Mt. Kemble Avenue
Morristown, NJ 07960
(973) 425-0110
Morristown, NJ 07960
(973) 425-0110
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