NCJAR News
U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-overyear to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-overmonth in all four regions, with the West experiencing the largest decline, at 9.4%.
- Single Family Closed Sales were down 7.9 percent to 1,206.
- Townhouse-Condo Closed Sales were up 4.7 percent to 354.
- Adult Communities Closed Sales were down 18.0 percent to 41.
In this week’s video, 2025 NCJAR President Jeff Jones shares exciting NCJAR updates, including a call to action for volunteers at the upcoming Realtors Care Day on September 26—with the volunteer application deadline today, June 16! He also celebrates the success of the Summer Food Drive, extending gratitude to all who contributed, especially affiliate partners. Finally, Jeff invites members to NCJAR’s Networking Social on June 18 at Madison Wine & Tap—a great opportunity to connect in a relaxed setting.
For more information, please visit our website at www.ncjar.com or email us at
Each year, the North Central Jersey Association of Realtors® proudly recognizes outstanding members who exemplify leadership, dedication, and service to both the real estate industry and their communities. Now is the time to nominate deserving individuals for NCJAR’s prestigious annual awards.
About the Awards
We are currently accepting nominations for:
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REALTOR® of the Year
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Rookie of the Year
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Affiliate Business Partner of the Year
No to Higher Fees on Home Sales
Take action today to protect homeownership in New Jersey.
State legislators are considering raising the Realty Transfer Fee on homes sold for over $1 million. This proposal includes:
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A 1% increase in the fee for homes sold over $1 million
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A 2% increase for homes sold over $2 million
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The fee would be paid by the buyer, adding significant cost at closing
