Housing Market Forecast

June 2026 Market Stats

U.S. existing-home sales rose 3.2% month-over-month and year-over-year to a seasonally adjusted annual rate of 4.17 million units, the National Association of REALTORS® (NAR) reported, marking the highest level since December 2025. Regionally, sales increased from the previous month in the Northeast, Midwest, and South, while remaining flat in the West. On a year-over-year basis, sales grew in the Midwest, South, and West but declined in the Northeast.

• Single Family Closed Sales were up 8.4 percent to 1,884.
• Townhouse-Condo Closed Sales were up 3.0 percent to 447.
• Adult Communities Closed Sales were up 41.5 percent to 58.

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Buyer Agency Agreements and Seller Property Disclosures Are Required Under New Jersey Law

As real estate professionals, we have a responsibility to understand—and comply with—the laws and regulations that govern our business. Some requirements are not matters of personal preference, office policy, or "best practice." They are legal obligations.

Two of the most important are buyer agency agreements and seller property disclosures.

Buyer Agency Agreements: A Legal Requirement

New Jersey law now requires brokerage services to be governed by a written brokerage services agreement. When a brokerage firm represents a buyer, the agency relationship, compensation terms, and required disclosures must be documented in writing. The agreement must include the New Jersey Real Estate Commission's Consumer Information Statement and clearly disclose the agency relationship before or at the time the brokerage services agreement is signed.

This is more than paperwork—it establishes who you represent, defines your fiduciary duties, and provides transparency for the consumer.

Every REALTOR® should ensure that buyers understand:

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Help Local Students Start the School Year Strong

NCJAR Summer Backpack & School Supply Drive

July 13 – August 7, 2026

North Central Jersey Association of REALTORS (NCJAR) is proud to kick off our 2026 Summer Backpack & School Supply Drive, and we invite our members and affiliate partners to help make a difference in the lives of local students as they prepare for the upcoming school year.

From July 13 through August 7, 2026, we're collecting new backpacks and essential school supplies to help ensure children in our communities have the tools they need to start the school year with confidence.

How You Can Help

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Stay Connected with REALTOR®️ Party Mobile Alerts

The real estate industry is constantly evolving, and legislative decisions at the local, state, and federal levels can have a direct impact on your business, your clients, and private property rights. That's why it's more important than ever for REALTORS to stay informed and ready to take action.

The REALTOR Party Mobile Alerts (RPMA) program makes advocacy simple. By signing up, you'll receive occasional text alerts whenever there's an important legislative issue affecting the real estate profession. Each alert includes a direct link to a pre-written message that you can quickly review and send to your elected officials in just a few taps.

Whether it's protecting private property rights, promoting housing opportunities, or supporting policies that strengthen the real estate industry, your voice matters. When thousands of REALTORS respond together, lawmakers take notice.

Why Sign Up?

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Why 2026 Could Be a Stronger Year for Real Estate

Housing experts continue projecting positive momentum for the second half of 2026.

Inventory is improving.

Buyer demand remains steady.

Mortgage rates have stabilized.

Together, these trends are creating a healthier, more balanced housing market.

Buyers have more choices.

Sellers continue benefiting from historically limited inventory in many North Jersey communities.

REALTORS® have more opportunities to demonstrate their expertise through pricing, negotiation, and local market knowledge.

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