NCJAR News
Reflecting on 2023 and Embracing Opportunities Together!
As we bid farewell to 2023, it's a pleasure to reflect on the incredible journey we've shared as a community. North Central Jersey Association of Realtors (NCJAR) has thrived because of the collective dedication, hard work, and support of each and every member.
In 2023, our community faced challenges and celebrated triumphs, but through it all, the strength of NCJAR shone brightly. Together, we navigated a dynamic real estate landscape, adapting to changes and embracing growth opportunities. It's inspiring to witness the resilience and determination that defines our community.
As we usher in the New Year, let's carry forward the spirit of collaboration and camaraderie. One of the greatest assets of NCJAR is the network of passionate professionals who make up our membership. The opportunities for learning, sharing, and growing together are boundless.
In celebration of the New Year, our NCJAR offices will be CLOSED on Monday, January 1, 2024. We appreciate your understanding and wish you a fantastic start to 2024!
If you have any questions and concerns, please email us at
Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% year-over-year as of last measure, as prospective buyers, faced with rising homeownership costs, wait for mortgage rates, and home prices, to drop.
- Single Family Closed Sales were down 19.1 percent to 1,386.
- Townhouse-Condo Closed Sales were down 11.1 percent to 384.
- Adult Communities Closed Sales were down 28.1 percent to 41.
December is Human Rights Awareness Month. At NCJAR, we take pride in promoting not only the dream of homeownership but also the fundamental principles of equality and human rights. As we celebrate Human Rights Awareness Month, it is essential to reflect on the role that access to housing plays in shaping a just and inclusive society.
Homeownership is more than just a financial investment; it is a cornerstone of stability and community. At NCJAR, we believe in the right of every individual to have equal access to housing opportunities, regardless of their background, ethnicity, gender, or socio-economic status. As real estate professionals, we are committed to upholding these principles and ensuring that the dream of homeownership is attainable for all.
