Provides unmatched look at state, county and local markets

Edison, N.J. (September 12, 2013) – The New Jersey Association of Realtors is proud to announce the launch of its exciting research project focusing on the state’s housing market. The project is being executed by 10K Research & Marketing, which is analyzing data provided by all nine Multiple Listing Services around the Garden State.

These unique, monthly reports shed light on the true picture of the housing market at a state, county and local level, unseen before in New Jersey. The state and county reports will be available to the general public on Monday, September 16 at via a user-friendly map. Additional local market reports for all 565 municipalities in the state are available to members only to use in their businesses.

“The sheer scope of this research project offers invaluable data and insight into the markets around the state and furthers our mission to continue to be the voice for real estate in New Jersey,” said Jarrod C. Grasso, CEO of NJAR. “We strive to consistently offer new programs and services to our members to best serve their clients.”

In addition, the reports serve as an educational tool for consumers. It allows an unprecedented look at the health of the state and counties’ housing markets on a monthly basis. Whether a buyer is interested in purchasing a single-family home, a townhouse or condo, or a property in an adult community, the data is broken down in those three categories for an easy understanding of a complex market. Key metrics in each category include median sales price, days on market, the number of new listings, closed sales, pending sales and more.

“We are thrilled to be able to provide accurate, timely data through these reports,” said Christina Banasiak, 2013 President of NJAR. “These are incredible tools for our members, the public, legislators and the media. I want to sincerely thank all of the MLSs and local Realtor boards/associations in New Jersey for being partners in this project.”

The MLSs contributing their data to the project are: Cape May County MLS, Garden State MLS, Hudson County MLS, Jersey Shore MLS, Middlesex County MLS, Monmouth/Ocean MLS, New Jersey MLS, South Jersey Shore Regional MLS, and TREND.