🔹 A Regional Split

The latest report shows that the Northeast and South saw modest gains, while the Midwest and West experienced declines. Here in New Jersey and the greater Northeast, that’s welcome news—suggesting a steady flow of motivated buyers even as fall settles in.

🔹 What’s Driving the Market

While mortgage rates have dipped slightly, affordability remains a key challenge for many buyers. Still, lower rates combined with a bit more inventory are helping balance the market. Existing-home closings actually rose 1.5% in September, reflecting the rebound in contracts signed earlier in the summer.

The next Pending Home Sales report, covering October activity, is set for release on November 25, 2025—and will offer another snapshot of where the winter market is heading.

🔹 What It Means for Ocean County Sellers

For sellers in communities like Forked River, Barnegat, Lacey, or Long Beach Island, the data points to a stable fall market. Well-priced, move-in-ready homes are still attracting attention. With contracts steady and rates softening, it’s important to:

Price strategically. Buyers are value-sensitive; homes that reflect current comps get faster results.
Be proactive. If your listing goes 10–14 days without serious showings, consider adjusting price or presentation.
Use timing to your advantage. Listing before the next report (Nov. 25) could help capture buyers looking to close before year-end.

🔹 What Buyers Should Know

For active buyers, this is a sweet spot of opportunity—a balanced market with fewer bidding wars and slightly better negotiating power. If you’ve been waiting for “the right time,” the combination of steady demand and easing rates may make this fall ideal for finding your next home.

🏡 The Bottom Line

Pending home sales may have flattened nationally, but here in the Northeast—especially along the Jersey Shore and Ocean County—the market remains resilient. As always, the best approach is to stay informed, price smart, and move decisively when opportunity strikes.

If you’re considering buying or selling, our team at Coldwell Banker Riviera Realty is here to help you navigate today’s market with confidence and insight.

📞 Contact us today to schedule a consultation or explore listings at www.RivieraRealty.com.