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The Connolly Agency

Gen Z Homebuyers Choosing Relocation Over Home Budget Increase

Gen Z

Gen Z Homebuyers Choosing Relocation Over Home Budget Increase Despite the Odds Some sources report Gen Z’s lack of motivation to purchase a home these days. However, this is far from the truth; despite some “financial nihilism” present in the generation as a result of the unaffordable prices, many 20-somethings are still managing to make […]

New Home for sale in Bradley Beach Highlighted on NJ.com

New Listing Highlighted on nj.com

New Home for sale in Bradley Beach Highlighted on NJ.com 602 Fletcher Lake Avenue in Bradley Beach is listed for sale at $699,000, a reasonable price considering the median single-family home prices in the Bradley Beach area.   This home has garnered attention from local news outlet nj.com; they published an article describing this home’s […]

NJBA Plan to Increase Housing Production & Affordability

NJBA

The Plan The New Jersey Builders Association (NJBA) has gotten a boost of optimism to an industry that’s riddled with rising costs and regulatory burdens. Mikie Sherrill becoming New Jersey’s governor only exacerbated this promising energy. At this point, administration’s campaign is “homing in on affordability and efficiency in government as part of a well-organized, […]

2025 Compared to 2024 Year End Market Update

2025

  Asbury Park  In 2025 Single Family home sales dipped by 8% with 65 homes sold. The average sales price was up 15% to $946,537. Homes were selling for 2 percent less than list price and were on the market for 46 days.  Avon by the Sea  In 2025 Single Family home sales dipped by […]

New Housing in Jersey City Sparks Debate

Housing

Jersey City, NJ, is becoming a hotspot for new housing developments due to its proximity to New York City, according to The New York Times.   A Promising Future With a hospital, a nearly century-old Art Deco building, now transformed into an apartment complex called The Beacon, New York City Mayor Zohran Mamdani sees his […]

A Guide to Buying a New Jersey Home in 2026

buy a home in nj 2026

Did you know the Statue of Liberty is technically closer to New Jersey than New York? The Garden State has a lot to offer. Especially if you are buying a house! Enjoy a vibrant urban life in Hoboken, Newark, and Jersey City. Or if you like a more laid-back lifestyle move to a beach town […]

Pending Home Sales Have Increased

Pending Homes Sales Increase

Pending home sales increased by 3.3% in November from October. According to the National Association of Realtors Sales Report, year-over-year, anticipated home sales jumped by 2.6%. These sales have been on the rise in all four regions of the United States!   In fact, some NAR members expect a continuous increase in buyers and sellers […]

NJ Residential Real Estate Market Update September 2025

Real Estate Market Price Increase

In August 2025, more homes appeared on the market, fewer closed, and prices continued to increase.   Closed sales dropped 5.4% year-over-year and the number of homes for sale rose 11.4%. Despite lower demand, the median home price increased 6.6%. This shows that well-prepared listings in desirable locations still demand strong dollars.   Power balance […]

3 Reasons Affordability Is Showing Signs of Improvement This Fall

For the past couple of years, it’s been tough for a lot of homebuyers to make the numbers work. Home prices shot up. Mortgage rates too. And a number of people hit pause because it just didn’t feel possible. Maybe you were one of them. But there’s some encouraging news. If you’ve been waiting for […]

Handle Listing Price Reductions

listing price reduction

No matter how the housing market is doing, there is always the potential for a price reduction. It happens! Here is how buyers and sellers can prepare for and go about making that decision.   The Current Market Some industry reports state that the market is leaning toward listing price drops. Other reports, such as […]