The NCJAR (North Central Jersey Association of Realtors®) Housing Market is a comprehensive source of real estate data for North Central New Jersey. It provides key insights into the area's real estate trends, including information on home sales, average sale prices, and housing inventory, offering valuable data for both buyers and sellers. With this market information, individuals can make informed decisions about buying, selling, or investing in real estate in the North Central New Jersey area.
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Understanding New Jersey’s Multiple Dwelling Reporting Rule (MDRR): What REALTORS® Need to Know
Fair housing compliance is a cornerstone of the REALTOR® profession—and while not every state requirement applies directly to REALTORS®, understanding key regulations helps members properly guide clients and uphold the REALTOR® Code of Ethics.
One such regulation is New Jersey’s Multiple Dwelling Reporting Rule (MDRR). Although REALTORS® are not responsible for compliance, familiarity with the rule is important when working with certain landlord clients.
Click Here To Download The One Page Guide
What Is the MDRR?
The Multiple Dwelling Reporting Rule (MDRR) is enforced by the New Jersey Division on Civil Rights. It requires qualifying property owners to:
- Provide a state-issued demographic inquiry form to rental applicants and tenants, and
- File an annual report with the State of New Jersey.
The purpose of the rule is to support fair housing oversight and help identify potential patterns of discrimination in rental housing. Importantly, participation by tenants is voluntary, and the information collected cannot be used to make housing decisions.
NCJAR Networking Social Recap: McLoone’s Boathouse
NCJAR’s Diversity & Inclusion Committee hosted a wonderful holiday Networking Social at McLoone’s Boathouse, bringing members and guests together for an evening of great food, open bar refreshments, lively conversation, and meaningful connections. The warm and welcoming atmosphere made it a perfect setting to unwind, celebrate the season, and strengthen professional relationships alongside our Diverse Partners.
Thank you to everyone who came out to attend and helped make the evening such a success. We also extend our sincere appreciation to our Affiliate Business Partner sponsors, Kyle Sachs of Homes.com and Michael Silvestri of CrossCountry Mortgage, for their generous support.
NCJAR Holiday Office Hours
Please note our adjusted office hours for the upcoming holidays:
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Christmas Eve: Open from 9:00 AM – 12:00 PM
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Christmas Day: Closed
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Friday, December 26th: Closed
A Holiday Message to Our NCJAR Members
Chris Coccia, Past President and Trustee of NCJAR®, shares a warm holiday message reflecting on the importance of community, gratitude, and Realtor® safety, while highlighting NCJAR’s continued commitment to supporting members in the year ahead. Visit www.NCJAR.com for more updates or email us at
November 2025 Market Stats
U.S. sales of existing homes rose 1.2% from the previous month to a seasonally adjusted annual rate of 4.10 million, according to the National Association of REALTORS® (NAR), as buyers took advantage of lower mortgage rates this fall. Sales increased in the Midwest and South, held steady in the Northeast, and edged down in the West. Year-over-year, sales were up 1.7%, with gains in the Northeast, Midwest, and South, while the West posted a decline.
- Single Family Closed Sales were down 6.6 percent to 1,288.
- Townhouse-Condo Closed Sales were down 9.8 percent to 313.
- Adult Communities Closed Sales were up 40.5 percent to 52.
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Morristown, NJ 07960
(973) 425-0110
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