David Molinaro, Realtor - Re/Max Competitive Edge

05/03/2026

Happy home inspection day!! 🏡🛠

04/12/2026

New Jersey is #1 in home price growth!

New Jersey home prices climbed nearly 6% in February—the highest gain of any state in the nation. Newark led all 100 major metros.

12/19/2025

The housing market across the Northeast has been hot for much of this entire year, though signs now point to a more measured market. One exception to this trend is the North Jersey area, where the momentum shows no current signs of letting up. Towns with strong fundamentals (location, schools, safety, commuter access) are expected to remain hot well into 2026.

If you or someone you know is looking to buy or sell real estate, please think of me. I am never too busy for your referrals!! 😁

The housing market across the Northeast has been hot for much of this entire year, though signs now point to a more measured market. One exception to this trend is the North Jersey area, where the momentum shows no current signs of letting up. Towns with strong fundamentals (location, schools, safet...

11/26/2025

807 Watchung Rd is officially CLOSED!! Congratulations to the buyers and sellers!! 🏡🎉🍾

If you or someone you know is looking to buy or sell real estate, please think of me. I am never too busy for your referrals!! 😁

11/18/2025

NAR Chief Economist Lawrence Yun forecasts sales volume for existing homes will rise 14% next year after three years of stagnation.

10/03/2025

YOY sales saw gentle increases for two months in a row, with September projecting another gentle increase of +0.5%. YTD sales are still showing a 1% decline. Unsold Inventory remains low historically speaking, limiting buyers' options, however, the number of homes for sale in New Jersey has increased 49% (+5,800 homes) since January 2025 with a current inventory of more than 17,780 homes on the market.

Looking at contract sales by county YTD 2025 v 2024, 8 of NJ’s 21 counties are experiencing increases. Cape May County is projecting the largest increase in sales. Bergen & Hunterdon are projecting the largest declines.

Sales have declined 1% YTD 2025 compared to the same period last year, mostly driven by declines in the less than $400,000 price tier down by 11%. The greater than $2.5MM price tier is seeing the largest increase at 21%.

The current months' supply of homes being offered for sale is at 2.6 months of supply, higher than last September's 2.2 months. YOY Unsold Inventory is showing a 15% increase compared to September 2024, with more than 17,780 homes on the market.

Increases in inventory occurred in 4 of 5 price tiers, with the largest increase occurring in the $400,000-$599,999 price range at 18%. The greater than $2.5MM price tier is about the same as 2024.

Historically speaking, months' supply remains low across the state, however, this metric has been rising as YTD sales are stagnant & inventory is increasing. Morris County has the lowest months’ supply at 1.8 months, followed by Passaic at 1.9. The counties with the largest months of supply (greater than 3.5 months) are Cape May (3.6) Hudson (3.9) & Atlantic (5.5).

Sale prices show a slowdown in Q2 2025 with a 1.2% increase quarterly, while annually the change is still high at 7.5%. It is projected that a slowdown in price increases will continue in 2025. - Otteau MarketNews September 2025

If you or someone you know is looking to buy or sell real estate, please think of me. I am never too busy for your referrals! 🏡😊

08/01/2025

June ended with a 4% increase in home sales YOY, the first increase since January of this year. July, however, is projecting a decline down 3%. YTD sales are showing a 2% decline this year due in large part to continued high mortgage rates. Unsold Inventory remains low historically speaking, limiting buyers' options, however, the number of homes for sale in New Jersey has increased 48% (+5,800 homes) since January 2025 with a current inventory of more than 17,700 homes on the market.

Looking at contract sales by county YTD 2025 v 2024, 4 of NJ’s 21 counties are experiencing increases, with Atlantic about the same YOY. Ocean County is projecting the largest increase in sales. Cumberland & Hunterdon are projecting the largest declines.

Sales have declined 2% YTD 2025 compared to the same period last year, mostly driven by declines in the less than $400,000 price tier down by 13%. The greater than $2.5-Mil price tier is seeing the largest increase at 27%.

The current months' supply of homes being offered for sale is at 2.3 months of supply, higher than last July's 1.9 months. YOY Unsold Inventory is showing an 18% increase compared to July 2024, with more than 17,760 homes on the market. Increases in inventory occurred in all 5 price tiers, with the largest increase occurring in the less than $400,000 price range at 22%. The greater than $2.5MM price tier saw the smallest increase of 2%.

Historically speaking, months' supply remains low across the state, however, this metric has been rising as YTD sales are stagnant & inventory is increasing. Morris County has the lowest months’ supply at 1.4 months, followed by Somerset & Essex at 1.7. The counties with the largest months of supply (greater than 3.9 months) are Cumberland (4.0) & Atlantic (4.9). - Otteau MarketNews July 2025

If you or someone you know is looking to buy or sell real estate, please think of me. I am never too busy for your referrals! 🏡😊