Happy New Year!
Despite higher interest rates and what you may hear about a sluggish national real estate market, Monmouth County was robust in 2024. It remained in a seller’s market, with the average sale price increasing by 7% overall and 16% more properties sold than in 2023. On average, homes sold at full asking price, consistent with 2023 trends.
Below is a breakdown of some of our local town’s average 2024 sale prices:
• Monmouth Beach: -1%
• Sea Bright: +4%
• Atlantic Highlands: +2%
• Oceanport: +17%
• Fair Haven: +9%
• Rumson: +6%
• Little Silver: -2%
• Middletown: +16%
• Shrewsbury: +6%
• Long Branch: even
• Red Bank: +27%!
• Highlands: +1%
What’s in store for 2025? I anticipate more of the same strong local trends. One notable shift is the increase in off-market sales. If you’re waiting for “the right house” to come along or prefer to skip the challenges of listing your property, you’re not alone. This makes having a well-connected and knowledgeable agent more essential than ever. If this resonates with you, let’s talk.
Lastly, I’m thrilled to share that 2024 was my best year yet—helping 43 clients successfully navigate the real estate market culminating in $53 million in sales volume.
I am so grateful for my loyal clients who trust me with their business and referrals. Your support means the world to me. Here’s to a 2025 filled with good fortune, health, and happiness!
Click on image below for a more detailed look at 4th Quarter.
My best,
Kelly
