RISMEDIA, October 2, 2013–The Eastern Bergen County Board of REALTORS® (EBCBOR) announced the launch of a statewide reporting project headed by the New Jersey Association of REALTORS® (NJAR) at its 90th Annual Meeting recently at the Hasbrouck Heights Hilton.
EBCBOR members will now have access to market reports for all 565 municipalities in the state to use in their businesses.
“The sheer scope of this research project offers invaluable data and insight into the markets around the state and furthers our mission to continue to be the gateway for real estate in Bergen County for all consumers,” said Laura Rubinfeld, EBCBOR CEO.
The project is a part of a comprehensive study NJAR® is spearheading that provides data at the state level, as well as for all 21 counties and 565 municipalities around the state. Data provided by all nine Multiple Listing Services around the Garden State is analyzed by 10K Research & Marketing to provide the reporting.
In addition, Rubinfeld explained how the program will allow an unprecedented look at the health of the state and counties’ housing markets on a monthly basis. She added that reports serve as an educational tool for consumers.
Whether a buyer is interested in purchasing a single-family home, a townhouse or condo, or a property in an adult community, the data is broken down in those three categories for an easy understanding of a complex market. Key metrics in each category include median sales price, days on market, the number of new listings, closed sales, pending sales and more.
More than 300 REALTORS® and Affiliate Partners attended the Annual Meeting which kicked-off with an Affiliate Partner Trade Show featuring 16 corporate vendors.
10K Research and Marketing is a research and analytics firm that serves Realtor associations, MLS organizations, brokers and other real estate companies. 10K specializes in localized and elegant housing market reports with the goal of breathing life into data. For more information, visit www.10kresearch.com.
The Eastern Bergen County Board of REALTORS® (EBCBOR), chartered in 1923, is a not-for-profit trade organization that serves more than 3,000 REALTOR® members in Bergen County, N.J. EBCBOR is dedicated to enhancing the business opportunities of its membership by providing them with industry information, political advocacy and education opportunities. For more information, please visitwww.bergenboard.com.