NCJAR News
Despite improving affordability conditions, U.S. existing-home sales declined 8.4% to a seasonally adjusted annual rate of 3.91 million, a 4.4% drop from one year earlier, according to the National Association of REALTORS® (NAR). The slowdown followed a 5.1% increase the previous month and modest gains throughout the fall. Sales retreated month-over-month and year-over-year in all four regions.
- Single Family Closed Sales were down 12.1 percent to 788.
- Townhouse-Condo Closed Sales were down 8.9 percent to 215.
- Adult Communities Closed Sales were down 9.7 percent to 28.
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All 2025 NJ Realtors® Circle of Excellence Sales Awards® are ready for pick-up at the NCJAR Morristown office, located at 910 Mt. Kemble Avenue, Morristown.
Pick-up hours are Monday through Friday, 9:00 AM – 4:00 PM. Please plan to stop by and pick up your award soon.
If you have any questions, please contact our office at 973-425-0110.
As REALTORS?, maintaining compliance with antitrust laws is essential to protecting both your business and the reputation of our industry. In the real estate industry, this means each brokerage must independently decide its fees, commissions, and business practices. The goal of antitrust laws is to protect consumers by ensuring open, competitive markets.
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Each brokerage establishes its own pricing independently; all commission rates and fees are negotiable.
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It is illegal to agree on prices or commission rates; there is no standard or required commission rate.
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It is illegal to divide up markets or customers or coordinate business practices that limit competition.
