NCJAR News
When it comes to buying or selling a home, the process can often seem overwhelming. From navigating the complexities of market trends to understanding legalities and paperwork, the journey is filled with potential pitfalls. This is where a professional Realtor comes in, offering expertise, guidance, and support. Here’s why working with a Realtor from the North Central Jersey Association of Realtors (NCJAR) is invaluable for both buyers and sellers in the New Jersey real estate market.
U.S. existing-home sales recently fell from a one-year high, dropping 4.3% month- over-month to a seasonally adjusted annual rate of 4.19 million, according to the National Association of REALTORS® (NAR), as higher interest rates and rising sales prices continue to keep some prospective buyers on the sidelines. Average 30-year mortgage rates have topped 7% in recent weeks, while the median existing-home sales price hit $393,500 as of last measure, a 4.8% increase from the previous month, according to NAR.
- Single Family Closed Sales were up 6.7 percent to 1,331.
- Townhouse-Condo Closed Sales were up 14.2 percent to 362.
- Adult Communities Closed Sales remained flat at 47.
Please note that in observance of the upcoming holiday, NCJAR board offices will have modified hours.
We will close early at 12:00 PM on Friday, May 24, 2024, and remain closed on Monday, May 27, 2024.
Regular business hours will resume on Tuesday, May 28, 2024, from 9:00 AM to 4:30 PM.
We wish everyone a Happy and Safe Holiday Weekend!
On Tuesday, May 21, 2024, the North Central Jersey Association of Realtors®️ (NCJAR) held a highly anticipated mayoral meet and greet at The MC Hotel in Montclair, NJ. The event aimed to strengthen the bonds and foster collaborative efforts between the real estate community and local municipal administrations.
The event was spearheaded by NCJAR 2024 President Christopher Coccia, alongside Government Affairs Chairperson Melissa Florance-Lynch, the committee, and several NCJAR Trustees. They welcomed a distinguished lineup of local leaders, including:
- Jack McEvoy, Verona Deputy Mayor
- Dr. Renee Baskerville, Montclair Mayor-Elect
- Robert H. Conley, Madison Mayor
- Lou D'Angelo, Totowa Boro Council President
- Melody Scott, East Orange Councilwoman
- Ron Arnau, Woodland Park Councilman
- Andre Sayegh, Paterson Mayor
- Anna Maria Sasso, Hawthorne Councilwoman
