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September Local Housing Stats

The median sale price for the NEXUS area in September was $320,000, a 1.5% decrease over August and 8.8% increase from September 2021. Need something more specific?

Click here for NEXUS QuickStats. They're easy to share with clients and show county-specific stats that are unique and always show variations from the greater area stats.

In addition, learn how much existing home sales decreased with this update from NAR.

Moorestown CCO Ordinance Requires Some Sellers to Pay for Survey

A new CCO ordinance in Moorestown Township was passed that requires a survey for transfer of properties adjacent to land owned by the municipality.

The ordinance affects about 750 properties listed here and will place the burden on the seller to pay for the survey instead of the buyer as usual.

The NEXUS Legislative Committee met with the Moorestown Mayor regarding this issue and is continuing to work with the township voicing our concerns. Read more about it in the NEXUS Municipal Monitor.

Scam Alert: Request to List Vacant Property on Long Beach Island

NEXUS has been alerted that there is an imposter using the name David Allman attempting to have REALTORS® list 'his' property on LBI (vacant lot at 19th Street) for sale. REALTORS® in the area have confirmed with the true owner that the property is not for sale. 

The imposter indicates that he just moved to England and needs to sell the property. He is only willing to communicate via email.  Please exercise extra caution and due diligence should you receive this request. 

Toms River Council Proposes Updates to CO Ordinance

The Toms River Council has introduced a new ordinance on first reading at its October 26, 2022 Council meeting. The new ordinance provides changes to the MCCUO ordinance adopted last December which took effect this past July.

Short of repealing the original ordinance in its entirety, the changes largely reflect considerations requested by NEXUS and the New Jersey REALTORS® based upon member feedback.  

Click here to learn about the new ordinance.

Boo! Read These Lessons Learned from Open House Horror Stories

Read shocking stories from REALTORS® describing the kind of open houses you hope to never come face to face with.



From a home's horror history to spooky strangers showing up, these stories come with lessons to keep you safe and headed toward a successful closing.

What's Next and What Happens When Mortgage Rates Break 7%?

NAR Chief Economist, Lawrence Yun warned that mortgage rates could go above 8.5%, in turn sending a big shock to a market already battling inflation.

While 7% mortgage rates were common in the late 90's, more expensive home prices and inflation make it a different scenario today. Read the full article here.

Hot Tips for Sellers!

Looking to encourage clients who are on the fence about listing their home? Share this fun, quick to read, and informative graphic. Download yours now.



Upcoming Live Webinars with Bright

11/10/22 | 9:30 am-10:30 am - Tools to Get Started with Bright MLS

11/10/22 | 11:00 am-12:00 pm - Bright MLS Search Essentials

Bright's Weekly Market Update for the week ending October 30th is now available here.

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