Mary Grunmeier

Housing

Things have changed in Morris County

The state of the Real Estate market in Morris County has changed. My office had 103 Revenue units in June. This is an all-time record. We once had about 165 agents in my office. Now we have about 115. Yet, in June, we had an all time record for our office for revenue units! Company-wide (and we are the largest real estate company in NJ) June was the best month in 2 years. Two of our regions--North Central NJ, and Northern NJ saw inventory that, if it didn't contract, it didn't expand. Demand is there, and Supply is not expanding. We are seeing a 30% increase in page views on our web site, and we are seeing a huge increase in attendance at open houses. All of this suggests that in the area we serve (Mostly Morris County) the Real Estate market has hit bottom. I'm posting our production board for June...103 Revenue transactions! All time record!

1625 Route 10 East, Morris Plains, NJ