June 2026 Market Update

May 2026 Market Stats - Inventory is Building! Monmouth County Market Summary – May 2026 The Monmouth County housing market remains resilient despite fewer overall sales. Single-family home sales declined 16% year over year, but prices continued to climb, with the average sale price increasing 5.1% to just over $1.06 million and the median price rising 11.6% to $848,200. Homes are selling slightly faster, averaging 30 days on market, while sellers are receiving virtually 100% of their asking price. Inventory remains tight, down 8.2% from last year, continuing to support home values. The condominium market presented a mixed picture. Sales volume was essentially unchanged, but average and median prices softened compared to last year. However, condos sold significantly faster, with average days on market dropping 25%, while inventory increased nearly 11%, giving buyers more choices than a year ago. Ocean County Market Summary – May 2026 Ocean County’s single-family market continues to show steady appreciation despite a modest decline in sales activity. Closed sales were down 6%, while average and median sale prices increased 1.3% and 1.8%, respectively. Homes sold more quickly than last year, averaging just 37 days on market, and sellers continued to receive approximately 99% of their asking price. Inventory rose 5.2%, providing buyers with slightly more options while maintaining a balanced market. The condominium market experienced a noticeable slowdown, with closed sales down nearly 33% year over year. Despite fewer transactions, pricing remained strong, with average sale prices increasing 5.4% and median prices rising 7.1%. Inventory also increased 8.4%, creating additional opportunities for buyers while sellers continued to benefit from stable property value Overall, both counties continue to favor sellers in many segments, particularly in the single-family market, where low (but building) inventory and steady demand are keeping upward pressure on home values even as transaction volume moderates. During the past year, I’ve donated thousands of dollars to a variety of deserving pet rescue charities as part of my commitment to giving back a portion of my commissions to pets in need. Throughout the upcoming year, my commitment continues, so if you are a pet-lover, let’s talk. You're browsing the official website of Realtor Darren Tietsworth, but did you know I also have some other websites to help you with your search. HolidayCityHomes.com – browse and sell your home in this premier 55+ community JerseyShoreCondo.com – buying, selling or renting condos on the Jersey Shore. OpenHouseNewJersey.com – for Open Houses in Ocean or Monmouth Counties? JerseyShoreCribs.com – for renters & landlords along the Shore JerseyShoreHomez.com – for buyers & sellers in the top Shore towns Exit135.com – Search for homes in Union, Morris, Somerset Counties Contact us today to discuss how we can help to buy or sell a home. You can call or text us at 908.578.3630 or use our contact form here. We look forward to working with you.