NCJAR News
U.S. existing-home sales decreased 5.9% month-over-month and 2.4% year-overyear to a seasonally adjusted annual rate of 4.02 million units, according to the National Association of REALTORS® (NAR), as affordability challenges and economic uncertainty weigh on market activity. Sales were down month-overmonth in all four regions, with the West experiencing the largest decline, at 9.4%.
- Single Family Closed Sales were down 7.9 percent to 1,206.
- Townhouse-Condo Closed Sales were up 4.7 percent to 354.
- Adult Communities Closed Sales were down 18.0 percent to 41.
In this week’s video, 2025 NCJAR President Jeff Jones shares exciting NCJAR updates, including a call to action for volunteers at the upcoming Realtors Care Day on September 26—with the volunteer application deadline today, June 16! He also celebrates the success of the Summer Food Drive, extending gratitude to all who contributed, especially affiliate partners. Finally, Jeff invites members to NCJAR’s Networking Social on June 18 at Madison Wine & Tap—a great opportunity to connect in a relaxed setting.
For more information, please visit our website at www.ncjar.com or email us at
No to Higher Fees on Home Sales
Take action today to protect homeownership in New Jersey.
State legislators are considering raising the Realty Transfer Fee on homes sold for over $1 million. This proposal includes:
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A 1% increase in the fee for homes sold over $1 million
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A 2% increase for homes sold over $2 million
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The fee would be paid by the buyer, adding significant cost at closing
SUBMIT APPLICATIONS BY FRIDAY, SEPTEMBER 26, 2025.
The Quarter Century Club honors NJ Realtor® members who have served as Realtors® or Realtor-Associates® faithfully in New Jersey for 25 years or more. The 2025 application is now available and must be submitted to your local/board association no later than Friday, September 26, 2025. No exceptions!
Requirements:
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Quarter Century Club membership is open to all members of New Jersey Realtors® who have held an active, Realtor® or Realtor-Associate® membership with NJ Realtors® for 25 years or more.
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Proof of 25 years of membership must be submitted with your application. Obtaining proof is the responsibility of the applicant. You may utilize your local board(s)/association(s) to acquire the necessary paperwork. Note: An active license with the New Jersey Real Estate Commission does not constitute active membership status.