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.
Housing Market Forecast
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Latest News
NCJAR Closed in Observance of Presidents’ Day - Monday, February 16, 2026
In observance of Presidents’ Day, the NCJAR Board Office will be CLOSED on Monday, February 16.
We will resume normal business hours on Tuesday, February 17. If you need immediate assistance, please plan accordingly, and we will be happy to assist you when we return.
Thank you for your understanding, and we wish you a safe and enjoyable holiday.
For questions or concerns, please contact us at
January 2026 Market Stats
U.S. existing-home sales climbed 5.1% month-over-month and 1.4% year-overyear to a seasonally adjusted annual rate of 4.35 million units, the strongest pace in nearly three years, according to the National Association of REALTORS® (NAR). Lower mortgage rates and slower home price growth helped spur buyer activity, and sales increased month-over-month in every region. On an annual basis, sales rose in the South, held steady in the West and Midwest, and declined in the Northeast.
- Single Family Closed Sales were down 6.2 percent to 1,066.
- Townhouse-Condo Closed Sales were up 3.1 percent to 304.
- Adult Communities Closed Sales were down 5.3 percent to 36.
- Single Family Median Sales Price increased 1.6 percent to $625,000.
NCJAR Celebrates New Leadership at the 2026 Installation Gala
NCJAR kicked off 2026 in unforgettable fashion with its annual Installation Gala, held on Thursday, January 29, 2026, at the elegant Park Savoy. The evening brought together members from across the association to celebrate the installation of NCJAR’s 2026 President, Officers, and Trustees in a night filled with camaraderie, gratitude, and celebration.
Guests enjoyed a beautifully curated evening featuring a lively cocktail hour, open bar, and a delicious plated dinner, capped off with an indulgent Viennese table. The atmosphere was elevated by fantastic music that kept the dance floor full and spirits high throughout the night.
Your Membership Makes a Difference
Here's a breakdown of the value provided at each level:
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Educational Resources and Certifications: NAR offers a variety of designations and certifications, such as the Accredited Buyer's Representative (ABR) and Certified International Property Specialist (CIPS), to help you specialize and advance in your career.
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Advocacy and Legal Support: NAR actively advocates for policies that benefit REALTORS and provides legal resources to help you navigate complex real estate transactions.
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Marketing and Technology Tools: Access tools like the Realtors Property Resource (RPR) and personalized web domains (.realtor and .realestate) to enhance your marketing efforts.
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Exclusive Discounts: Through the REALTOR Benefits Program, enjoy savings on various products and services, including technology, insurance, and travel.
Welcome NCJAR's New Affiliate Member, Michael Witmyer of Gatekeeper Inspection Services
We’re excited to welcome Michael Witmyer as a new NCJAR Affiliate Business Partner. Thank you, Michael, for joining NCJAR and for your commitment to supporting our Realtor® members and their clients.
Michael joined NCJAR because he believes strong relationships between inspectors and real estate professionals are essential to making the buying and selling process smoother for everyone involved. His goal is to help agents and their clients feel confident, informed, and supported at every step.
Through Gatekeeper Inspection Services, Michael offers full home inspections, radon testing, mold testing, wood-destroying insect inspections, and more. He is committed to delivering high-quality, easy-to-understand reports complete with annotated photos that clearly outline observations and recommendations.
Michael is available to answer questions before, during, and after each inspection to ensure all parties feel informed and satisfied. His focus is on making the inspection process efficient, transparent, and productive for everyone involved.
Contact Information:
Morristown, NJ 07960
(973) 425-0110