First Quarter 2024 Market Report I Turpin Realtors by turpinrealtors

FIRST QUARTER 2024 MARKET REPORT

About the Data

• This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals.

• Year to Date “Overview” sales data is as reported to GSMLS on 4/8/24.

• When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing.

• Average Sales per month is calculated on the number of sales for the current year.

• The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.

COMMENTARY

FIRST QUARTER 2024 MARKET REPORT

During the first quarter of 2024, the residential real estate market in North Central New Jersey was once again characterized by limited supply and strong buyer demand, two factors that combined to push median prices 13.4% higher than the same period last year. Despite expectations for increased inventory that would moderate this effect, the change has not yet materialized.

As is often the case, market performance varied across the region depending on the price segment. For example, although the number of homes for sale under $1 million and between $1-2 million declined by roughly the same amount during the first quarter, among contracts pended the former segment experienced a 4% decline, whereas the latter surged 15%.

Inventory in the $2-3 million price range showed a modest uptick of 6%, yet contracts pended declined 18% portending a potential slowdown. In contrast, for homes priced over $3 million, contracts pended surged 127% year over year.

Interpreting disparate data can be challenging. Overall, North Central New Jersey’s real estate market remains characterized by limited inventory and competitive buyer activity. At a regional level, higher-priced home sales increased year over year during the first quarter, whereas those under $1 million lost ground. Yet nuanced dynamics shape the housing landscape locally, as evidenced by the town-specific first-quarter outcomes detailed later in our report.

If you are considering buying or selling a home, I invite you to call upon one of our knowledgeable sales associates. They would be pleased to explain exactly what is happening in your neighborhood, and can also make introductions to market-leading brokers worldwide with whom we are proud to partner. www.TurpinRealtors.com/Reports

John Turpin, President

REGIONAL RESULTS | MARCH 2024

Aggregated results for all of Hunterdon, Morris and Somerset counties, plus the following towns in Essex County: Berkeley Heights Twp, Mountainside Borough, New Providence Borough, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp

Bedminster

Berkeley Heights

Bernards Twp.

Bernardsville

Boonton Town

Boonton Twp.

FIRST QUARTER 2024 MARKET REPORT CONTENTS

Clinton Twp.

Far Hills

Florham Park

Harding Twp.

Lebanon Boro

Lebanon Twp.

Bridgewater Twp.

Califon

Chatham Boro

Chatham Twp.

Chester Boro

Chester Twp.

Clinton Town

Long Hill Twp.

Madison

Maplewood

Mendham Boro

Mendham Twp.

Millburn

Morris Plains

Morris Twp.

Morristown

Mountain Lakes

New Providence

Peapack-Gladstone

Randolph Twp.

Readington Twp.

Summit

Tewksbury Twp.

Warren

Washington Twp.

Watchung

Westfield

Cover image: 3 Deer Ridge Rd, Bernards Twp

MONTH OF MARCH

0 1000 2000 3000 4000 5000 $0 $200 $400 $600 $800 March 2020 March 2021 March 2022 March 2023 March 2024 Homes Sold Homes for Sale Median Sold Price (000's) SALES This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Borough, New Providence Borough, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp Copyright Turpin Realtors 2024. This data provided by Garden State Multiple Listing Service and Trendgraphix is deemed reliable but not guaranteed. RESIDENTIAL PROPERTIES YEAR OVER YEAR Prices Median Sales Price Sales Closed Sales Inventory Average Inventory 21.8% 0 1,000 2,000 3,000 March 2020 March 2021 March 2022 March 2023 March 2024 New Listings New Purchase Contracts CONTRACTS 17% 15.5% + ––New Listings 13.1% –Purchase Contracts 3.1% +

Essex*, Hunterdon, Morris, Somerset & Union* Counties NORTH CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT

YEAR TO DATE MARCH 31

0 2000 4000 6000 8000 $0 $200 $400 $600 $800 YTD 2015 YTD 2016 YTD 2017 YTD 2018 YTD 2019 YTD 2020 YTD 2021 YTD 2022 YTD 2023 YTD 2024 Homes Sold Homes for Sale Median Sold Price (000's) SALES

Essex*, Hunterdon, Morris, Somerset & Union* Counties This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Berkeley Heights Twp, Mountainside Borough, New Providence Borough, Scotch Plains Twp Union County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village Twp, Summit City, West Orange, Westfield Twp Copyright Turpin Realtors 2024. This data provided by Garden State Multiple Listing Service and Trendgraphix is deemed reliable but not guaranteed. NORTH CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT RESIDENTIAL PROPERTIES YEAR OVER YEAR Prices Median Sales Price Sales Closed Sales Inventory Average Inventory 10.3% 0 2,000 4,000 6,000 8,000 YTD 2015 YTD 2016 YTD 2017 YTD 2018 YTD 2019 YTD 2020 YTD 2021 YTD 2022 YTD 2023 YTD 2024 New Listings New Purchase Contracts CONTRACTS 13.4% 15.5% + ––New Listings 1.8% –Purchase Contracts 1.1% –0 2000 4000 6000 8000 $0 $200 $400 $600 $800 YTD 2015 YTD 2016 YTD 2017 YTD 2018 YTD 2019 YTD 2020 YTD 2021 YTD 2022 YTD 2023 YTD 2024 Homes Sold Homes for Sale Median Sold Price (000's) SALES

Source: GSMLS 4/15/24 & Trendgraphix © 2024 Turpin Realtors Subject to Errors and Omissions UNDER $1 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 723 891 -19% 2481 2633 -6% 2134 2221 -4% 1631 1893 -14% 34 41 -17% $1,000,000 - $1,999,999 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 237 288 -18% 590 517 14% 426 371 15% 278 237 17% 39 49 -20% $2,000,000 - $2,999,999 MILLION % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 75 71 6% 104 109 -5% 51 62 -18% 40 40 0% 31 43 -28% $3 MILLION+ % Change YTD 2024 YTD 2023 Homes For Sale New Listings Homes Sold Contracts Pended Days on Market 68 55 24% 65 39 67% 25 11 127% 11 9 22% 45 100 -55% This report is inclusive of results from select municipalities in Essex and Union counties as follows: Essex County: Essex Fells Twp, Livingston Twp, Maplewood Twp, Millburn Twp, Montclair Twp, South Orange Village, West Orange Twp Union County: Berkeley Heights Twp, Mountainside Boro, New Providence Boro, Scotch Plains Twp, Summit City, Westfield Twp YEAR TO

- ACTIVITY BY PRICE Essex*, Hunterdon, Morris, Somerset & Union* Counties NORTH CENTRAL NEW JERSEY RESIDENTIAL MARKET REPORT 1631 278 40 11 1893 237 40 9 Under $1M $1-1.99M $2-2.99M $3M+ Homes Sold 0 500 1000 1500 2000 2024 2023 HOMES SALES BY PRICE Under $1M $1-1.99M $2-2.99M $3M+

DATE MARCH 31

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

BEDMINSTER

$0-$999,999 % CHANGE 22.2% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 22 18 3 4 0 0 2 1 13 7.33 1.77 1 1.00 1.00 1 0.67 1.50 ç 1 0.00 ∞ QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023

Subject to Errors and Omissions

25% $0 $250,000 $500,000 $750,000 $1,000,000 0 100 200 300 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BEDMINSTER ç 100% ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 16 15 6.7% 42 32 31.3% 27 23 17.4% $21,527,500 $17,771,900 21.1% $540,000 $545,000 -0.9% 33 51 -35.3% 99% 93.7% 5.6% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE NC

BERKELEY HEIGHTS

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 27.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 13 18 6 4 0 0 0 0 4 4.33 0.92 3 2.00 1.50 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

50% $0 $500,000 $1,000,000 $1,500,000 0 50 100 150 200 250 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BERKELEY HEIGHTS ç NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 7 12 -41.7% 32 32 0% 19 22 -13.6% $17,090,212 $15,590,757 9.6% $800,000 $586,500 36.4% 38 42 -9.5% 102.1% 101.1% 1% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

BERNARDS TWP.

$0-$999,999 % CHANGE 24.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 34 45 10 9 1 1 0 0 10 11.33 0.88 7 3.33 2.10 3 0.00 ∞ ç 1 0.33 3.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

11.1% $0 $250,000 $500,000 $750,000 $1,000,000 0 200 400 600 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BERNARDS TOWNSHIP ç NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 21 24 -12.5% 73 92 -20.7% 45 55 -18.2% $36,681,784 $38,638,476 -5.1% $670,000 $549,000 22% 19 35 -45.7% 103.6% 100.9% 2.7% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

BERNARDSVILLE

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 25% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 9 12 2 8 3 1 0 1 4 3.00 1.33 5 0.67 7.50 ç 3 1.00 3.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

75% $0 $500,000 $1,000,000 $1,500,000 0 50 100 150 200 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BERNARDSVILLE ç 100% 200% ç ç 5 0.00 ∞ HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 17 16 6.3% 32 29 10.3% 14 22 -36.4% $16,558,500 $24,430,350 -32.2% $792,500 $819,750 -3.3% 51 61 -16.4% 98.7% 89.4% 10.4% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

BOONTON TOWN

$0-$999,999 % CHANGE 8.3% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 13 12 0 0 0 0 0 0 3 4.33 0.69 0 0.00 N/A 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

$0 $250,000 $500,000 $750,000 $1,000,000 0 25 50 75 100 125 2014 2015 2016 2017* 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BOONTON TOWN NC NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 3 4 -25% 11 18 -38.9% 13 12 8.3% $8,254,300 $6,714,400 22.9% $599,500 $550,000 9% 49 59 -16.9% 100.7% 102.7% -2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

BOONTON TWP

$0-$999,999 % CHANGE 30% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 7 10 1 3 1 2.33 0.43 1 0.33 3.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

66.7% $0 $250,000 $500,000 $750,000 $1,000,000 0 20 40 60 80 2014 2015 2016 2017* 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BOONTON TWP ç % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 2 7 -71.4% 10 12 -16.7% 8 13 -38.5% $6,195,000 $9,873,600 -37.3% $767,500 $615,000 24.8% 37 73 -49.3% 101% 96.8% 4.3% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

BRIDGEWATER TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

% CHANGE 5.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 76 72 6 3 28 25.33 1.11 12 2.00 6.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

100% $0 $200,000 $400,000 $600,000 $800,000 0 200 400 600 800 2014 2015 2016 2017* 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR BRIDGEWATER ç % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 40 45 -11.1% 106 115 -7.8% 82 75 9.3% $50,684,280 $42,563,928 19.1% $580,000 $532,500 8.9% 30 36 -16.7% 102.6% 100.3% 2.3% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$0-$999,999

Overview

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

CALIFON

$0 $200,000 $400,000 $600,000 0 10 20 30 40 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CALIFON NC NC NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 0 1 -100% 0 3 -100% 2 2 0% $870,000 $972,500 -10.5% $435,000 $486,250 -10.5% 57 89 -36% 95.6% 99.2% -3.6% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Overview

CHATHAM BORO

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 36.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 7 11 3 5 2 1 0 0 5 2.33 2.14 2 1.00 2.00 0 0.00 N/A ç 0 0.67 0.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

40% $0 $500,000 $1,000,000 $1,500,000 0 50 100 150 200 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CHATHAM BORO ç 100% ç NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 7 8 -12.5% 31 21 47.6% 12 17 -29.4% $14,086,286 $17,916,000 -21.4% $899,950 $860,000 4.6% 32 16 100% 105.3% 102.2% 3% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

CHATHAM TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 21.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 11 14 7 12 5 9 4 3.67 1.09 2 2.33 0.86 ç 1 1.67 0.60 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions Overview 41.7% 22 25 20 32 27 36 25 45 44 35 23 187 $1,142,434$1,228,233 $0 $500,000 $1,000,000 $1,500,000 $2,000,000 0 50 100 150 200 250 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CHATHAM TOWNSHIP ç 44.4% ç 3 0.00 ∞ % CHANGE 0 0 QTD 2024 QTD 2023 NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 10 18 -44.4% 59 55 7.3% 23 35 -34.3% $28,700,904 $47,670,756 -39.8% $1,029,000 $1,375,000 -25.2% 13 41 -68.3% 104.3% 100.3% 4% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

CHESTER BORO

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 50% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 1 2 1 0.33 3.00 0 0.00 N/A 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions

$0 $500,000 $1,000,000 $1,500,000 0 10 20 30 40 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CHESTER BORO % CHANGE % CHANGE % CHANGE 0 0 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 1 3 -66.7% 3 6 -50% 1 2 -50% $894,000 $1,237,000 -27.7% $894,000 $618,500 44.5% 14 10 40% 111.9% 110.5% 1.2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Overview

Sales by Price

CHESTER TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 47.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 11 21 9 2 4 3.67 1.09 4 3.00 1.33 ç 1 0.00 ∞ QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions Overview 350% $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 0 50 100 150 200 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CHESTER TOWNSHIP ç 3 0.00 ∞ % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC

HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 12 16 -25% 27 37 -27% 20 23 -13% $20,546,900 $17,469,900 17.6% $949,500 $675,000 40.7% 30 47 -36.2% 99.8% 99.2% 0.5% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

CLINTON TOWN

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 4 0 5 7 -28.6% 4 11 -63.6% $2,053,000 $4,951,747 -58.5% $516,500 $435,000 18.7% 37 49 -24.5% 100.6% 98.7% 2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$0-$999,999 % CHANGE 63.6% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 4 11 4 1.33 3.00 0 0.00 N/A 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $200,000 $400,000 $600,000 0 20 40 60 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CLINTON TOWN % CHANGE % CHANGE % CHANGE 0 0 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC

Sales by Price

CLINTON TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 24 24 2 0 4 8.00 0.50 1 0.67 1.50 0 0.00 N/A 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $200,000 $400,000 $600,000 $800,000 0 50 100 150 200 250 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR CLINTON TOWNSHIP ç % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 5 11 -54.5% 34 43 -20.9% 26 24 8.3% $15,155,541 $11,969,277 26.6% $511,700 $464,500 10.2% 29 58 -50% 102.3% 101.4% 1% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

FAR HILLS

100% $0 $1,000,000 $2,000,000 $3,000,000 0 5 10 15 20 25 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR FAR HILLS ç 100% ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 5 4 25% 9 2 350% 2 2 0% $4,324,375 $3,125,000 38.4% $2,162,187 $1,562,500 38.4% 50 53 -5.7% 94.6% 117.9% -19.8% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Overview

FLORHAM PARK

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 35.3% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 11 17 7 3 1 2 3 3.67 0.82 2 2.33 0.86 0 0.00 N/A ç 4 0.33 12.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

133.3% $0 $500,000 $1,000,000 $1,500,000 0 50 100 150 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR FLORHAM PARK ç 50% ç % CHANGE 0 0 QTD 2024 QTD 2023 NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 9 15 -40% 30 32 -6.3% 19 22 -13.6% $20,866,650 $19,598,132 6.5% $980,000 $696,276 40.7% 34 48 -29.2% 100.6% 99.1% 1.5% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

HARDING TWP.

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 75% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 1 4 3 5 1 3 0 1 0 0.33 0.00 1 1.00 1.00 ç 3 0.33 9.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

40% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 0 25 50 75 100 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR HARDING ç 100% 66.7% ç ç 7 0.00 ∞ HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 11 13 -15.4% 13 16 -18.8% 5 13 -61.5% $7,082,500 $21,730,000 -67.4% $1,460,000 $1,700,000 -14.1% 36 54 -33.3% 101.6% 101.4% 0.2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

LEBANON BORO

$0-$999,999 % CHANGE 20% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 4 5 0 1.33 0.00 0 0.00 N/A 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $100,000 $200,000 $300,000 $400,000 $500,000 0 10 20 30 40 50 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR LEBANON BORO % CHANGE % CHANGE % CHANGE 0 0 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 0 4 -100% 6 9 -33.3% 4 5 -20% $1,312,500 $1,423,000 -7.8% $343,000 $262,000 30.9% 17 8 112.5% 103.8% 104.8% -1% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

LEBANON TWP.

$0-$999,999 % CHANGE 45.5% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP 16 11 1 1 ç QTD 2024 QTD 2023 QTD 2024 Subject to Errors and Omissions

$0 $250,000 $500,000 $750,000 $1,000,000 0 25 50 75 100 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR LEBANON TOWNSHIP % CHANGE % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC QTD 2023 INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 2 5.33 0.38 0 0.33 0.00 0 0.00 N/A 0 0.00 N/A HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 2 14 -85.7% 18 19 -5.3% 17 12 41.7% $9,623,900 $5,689,000 69.2% $575,000 $492,500 16.8% 52 64 -18.8% 100.4% 98.4% 2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Overview

Sales by Price

LONG HILL TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 13 13 2 2 3 4.33 0.69 1 0.67 1.50 0 0.00 N/A 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $250,000 $500,000 $750,000 $1,000,000 0 50 100 150 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR LONG HILL TOWNSHIP % CHANGE % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 4 5 -20% 13 24 -45.8% 15 15 0% $11,074,777 $10,313,000 7.4% $700,000 $630,000 11.1% 35 42 -16.7% 102.8% 101.1% 1.6% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

MADISON

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 20% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 12 15 3 6 3 3 2 4.00 0.50 3 1.00 3.00 0 0.00 N/A ç 4 1.00 4.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 Subject to Errors and Omissions

50% $0 $500,000 $1,000,000 $1,500,000 0 50 100 150 200 250 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MADISON ç % CHANGE % CHANGE 0 0 QTD 2023 QTD 2024 QTD 2023 NC NC HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 9 18 -50% 34 61 -44.3% 18 24 -25% $20,167,500 $25,575,900 -21.1% $875,000 $851,500 2.8% 54 34 58.8% 103.4% 100.2% 3.2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Overview

MAPLEWOOD

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 10.7% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 31 28 15 4 5 10.33 0.48 6 5.00 1.20 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

275% $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 0 100 200 300 400 500 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MAPLEWOOD ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 11 28 -60.7% 74 68 8.8% 46 32 43.8% $40,272,244 $23,615,698 70.5% $837,500 $677,750 23.6% 30 37 -18.9% 111.8% 103.4% 8.2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE QTD 2024 QTD 2023 ç 0 0 NC 0 0 QTD 2024 % CHANGE QTD 2023 NC

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

MENDHAM BORO

$0-$999,999 % CHANGE 12.5% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 7 8 1 2.33 0.43 0 0.33 0.00 ç QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 0 25 50 75 100 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MENDHAM BORO HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 5 11 -54.5% 13 19 -31.6% 8 9 -11.1% $5,606,350 $6,579,000 -14.8% $660,000 $590,000 11.9% 34 108 -68.5% 97.9% 102.8% -4.7% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE 1 1 QTD 2024 QTD 2023 % CHANGE % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC NC 3 0.00 ∞ 1 0.00 ∞

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

MENDHAM TWP.

$0-$999,999 % CHANGE 70% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE 3 10 7 5 0 1 0 1 ç QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

40% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 0 50 100 150 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MENDHAM TOWNSHIP ç 100% 100% ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 12 14 -14.3% 23 25 -8% 10 17 -41.2% $11,289,000 $20,509,500 -45% $1,147,500 $900,000 27.5% 67 66 1.5% 98.6% 97.6% 1.1% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 0 1.00 0.00 10 2.33 4.29 1 0.00 ∞ 1 0.00 ∞

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

MILLBURN

100% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 0 100 200 300 400 500 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MILLBURN ç 66.7% 50% ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 24 36 -33.3% 82 93 -11.8% 36 29 24.1% $64,794,088 $50,719,176 27.8% $1,382,500 $1,495,000 -7.5% 17 22 -22.7% 101.3% 102.3% -1% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE NC

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

MORRIS PLAINS

$0-$999,999 % CHANGE 28% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 18 25 2 0 7 6.00 1.17 0 0.67 0.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

$0 $250,000 $500,000 $750,000 $1,000,000 0 25 50 75 100 125 2014 2015 2016 2017* 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MORRIS PLAINS ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 7 18 -61.1% 32 48 -33.3% 20 25 -20% $15,939,785 $16,017,160 -0.5% $824,990 $665,000 24.1% 18 22 -18.2% 100.6% 100.2% 0.5% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC

MORRIS TWP.

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 17.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 28 34 5 9 0 1 8 9.33 0.86 3 1.67 1.80 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

44.4% $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 0 100 200 300 400 500 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MORRIS TOWNSHIP ç 100% ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 11 19 -42.1% 49 62 -21% 33 44 -25% $25,505,552 $38,156,388 -33.2% $710,000 $750,000 -5.3% 33 30 10% 100.7% 98.7% 2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE 0 0 QTD 2024 QTD 2023 NC

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

MORRISTOWN

MONTH’S SUPPLY

$0-$999,999 % CHANGE 30.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH 16 23 1 2 12 5.33 2.25 1 0.33 3.00 0 0.00 N/A ç 1 0.00 ∞ QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

50% $0 $200,000 $400,000 $600,000 $800,000 0 50 100 150 200 250 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MORRISTOWN ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 14 10 40% 43 35 22.9% 17 25 -32% $10,412,727 $15,080,000 -31% $575,000 $559,000 2.9% 24 42 -42.9% 105% 99.8% 5.3% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE % CHANGE 0 0 0 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 NC NC

Overview

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

MOUNTAIN LAKES

$0-$999,999 % CHANGE 77.8% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 2 9 0 4 1 1 1 0.67 1.50 3 0.00 ∞ 0 0.00 N/A ç 1 0.33 3.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

100% $0 $500,000 $1,000,000 $1,500,000 0 25 50 75 100 125 2014 2015 2016 2017* 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR MOUNTAIN LAKES ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 5 7 -28.6% 11 12 -8.3% 3 14 -78.6% $3,692,000 $14,624,500 -74.8% $790,000 $887,500 -11% 39 61 -36.1% 108.3% 95.2% 13.8% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE 0 0 NC NC

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

NEW PROVIDENCE

$0-$999,999 % CHANGE 17.6% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 20 17 1 6.67 0.15 2 0.67 3.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $250,000 $500,000 $750,000 $1,000,000 0 50 100 150 200 250 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR NEW PROVIDENCE HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 3 17 -82.4% 29 30 -3.3% 22 17 29.4% $18,369,098 $13,260,000 38.5% $787,500 $836,000 -5.8% 32 78 -59% 108.2% 98.1% 10.3% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE 2 0 QTD 2024 QTD 2023 ç 0 0 QTD 2024 % CHANGE % CHANGE 0 0 QTD 2023 QTD 2024 QTD 2023 NC NC

10 Year Market History

PEAPACK-GLADSTONE

FIRST QUARTER 2024 MARKET REPORT

March

INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 2 0.67 3.00 2 0.67 3.00 2 0.00 ∞ 0 0.00 N/A Subject to Errors and Omissions

$0 $250,000 $500,000 $750,000 $1,000,000 0 10 20 30 40 50 2014 2015 2016 2017 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR PEAPACK-GLADSTONE HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 6 3 100% 6 4 50% 4 3 33.3% $3,024,000 $1,977,500 52.9% $742,000 $600,000 23.7% 54 63 -14.3% 98.5% 98% 0.6% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

$0-$999,999 % CHANGE 33.3% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP 2 3 ç QTD 2024 QTD 2023 % CHANGE 2 0 QTD 2024 QTD 2023 ç 0 0 QTD 2024 % CHANGE % CHANGE 0 0 QTD 2023 QTD 2024 QTD 2023 NC NC

Supply and Demand (as of

31, 2024)

Overview

Sales by Price

RANDOLPH TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 16.7% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 30 36 13 10.00 1.30 6 0.67 9.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $250,000 $500,000 $750,000 $1,000,000 0 100 200 300 400 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR RANDOLPH HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 19 20 -5% 58 58 0% 32 38 -15.8% $23,072,414 $27,262,512 -15.4% $685,000 $733,500 -6.6% 29 37 -21.6% 104% 100.5% 3.5% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE 2 2 QTD 2024 QTD 2023 0 0 QTD 2024 % CHANGE % CHANGE 0 0 QTD 2023 QTD 2024 QTD 2023 NC NC NC

Sales by Price

READINGTON TWP.

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

$0-$999,999 % CHANGE 32.6% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 29 43 1 2 16 9.67 1.66 6 0.33 18.00 ç 0 0.00 N/A QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

50% $0 $200,000 $400,000 $600,000 $800,000 0 100 200 300 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR READINGTON TOWNSHIP ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 23 22 4.5% 49 43 14% 30 45 -33.3% $16,546,900 $25,403,314 -34.9% $466,000 $520,000 -10.4% 33 41 -19.5% 103.5% 99.6% 3.9% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE 1 0.00 ∞ 0 0 NC 0 0 QTD 2024 % CHANGE QTD 2023 NC

Overview

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

SUMMIT

$0-$999,999 % CHANGE 60.9% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 9 23 13 9 4 7 0 1 7 3.00 2.33 4 4.33 0.92 ç 3 1.33 2.25 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

44.4% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 0 100 200 300 400 500 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR SUMMIT ç 100% 42.9% ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 19 31 -38.7% 59 86 -31.4% 26 40 -35% $33,850,500 $52,349,176 -35.3% $1,281,500 $960,000 33.5% 17 38 -55.3% 109% 100.8% 8.2% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE 5 0.00 ∞

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

TEWKSBURY TWP.

$0-$999,999 % CHANGE $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 7 7 0 5 1 0 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions Overview 100% $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 0 50 100 150 200 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR TEWKSBURY ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 12 12 0% 21 20 5% 8 12 -33.3% $7,541,000 $11,450,500 -34.1% $893,750 $795,000 12.4% 39 131 -70.2% 112.8% 95.8% 17.8% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE 2 2.33 0.86 4 0.33 12.00 2 0.00 ∞ 4 0.00 ∞ ç 0 0 NC NC

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

WARREN

$0-$999,999 % CHANGE 55% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP % CHANGE INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 9 20 18 12 1 0 1 0 9 3.00 3.00 15 6.00 2.50 1 0.33 3.00 ç 2 0.33 6.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

50% $0 $500,000 $1,000,000 $1,500,000 $2,000,000 0 100 200 300 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR WARREN ç ç ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 27 43 -37.2% 48 64 -25% 29 32 -9.4% $37,649,128 $31,645,758 19% $1,100,000 $895,000 22.9% 91 56 62.5% 98.1% 96.7% 1.4% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

WASHINGTON TWP. (MORRIS COUNTY)

$0-$999,999 % CHANGE 3.8% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 25 26 13 8.33 1.56 2 1.00 2.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $250,000 $500,000 $750,000 $1,000,000 0 100 200 300 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR WASHINGTON TOWNSHIP HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 15 19 -21.1% 50 45 11.1% 28 26 7.7% $20,708,000 $13,044,953 58.7% $750,000 $477,450 57.1% 34 61 -44.3% 103% 100.4% 2.6% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE 3 0 QTD 2024 QTD 2023 ç 0 0 QTD 2024 % CHANGE % CHANGE 0 0 QTD 2023 QTD 2024 QTD 2023 NC NC

Sales by Price

FIRST QUARTER 2024 MARKET REPORT

Supply and Demand (as of March 31, 2024)

10 Year Market History

WATCHUNG

$0-$999,999 % CHANGE 42.9% $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 4 7 5 1.33 3.75 4 1.00 4.00 0 0.00 N/A ç 0 0.00 N/A QTD 2024 QTD 2023 Subject to Errors and Omissions Overview $0 $250,000 $500,000 $750,000 $1,000,000 $1,250,000 0 25 50 75 100 125 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR WATCHUNG HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 9 15 -40% 20 20 0% 7 10 -30% $6,509,901 $9,703,500 -32.9% $950,000 $879,500 8% 58 53 9.4% 98.9% 99.8% -0.9% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE 3 3 QTD 2024 QTD 2023 0 0 QTD 2024 % CHANGE % CHANGE 0 0 QTD 2023 QTD 2024 QTD 2023 NC NC NC

FIRST QUARTER 2024 MARKET REPORT

Overview

Sales by Price

Supply and Demand (as of March 31, 2024)

10 Year Market History

WESTFIELD

$0-$999,999 % CHANGE 68.4% $1,000,000-$1,999,999 % CHANGE $2,000,000-$2,999,999 % CHANGE $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY $0-$999,999 $1,000,000-$1,999,999 $2,000,000-$2,999,999 $3,000,000 AND UP INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY INVENTORY AVG SALES PER MONTH MONTH’S SUPPLY 32 19 32 17 2 4 8 10.67 0.75 5 10.67 0.47 1 0.00 ∞ ç 4 0.67 6.00 QTD 2024 QTD 2023 QTD 2024 QTD 2023 QTD 2024 QTD 2023 Subject to Errors and Omissions

88.2% $0 $500,000 $1,000,000 $1,500,000 0 200 400 600 2014 2015 2016 2017* 2018 2019* 2020 2021 2022 2023 2024 # OF HOMES SOLD THRU 1st QTR # OF HOMES SOLD FULL YEAR AVERAGE SALES PRICE FULL YR WESTFIELD ç 50% ç HOMES FOR SALE Q1 2024 Q1 2023 NEW TO MARKET HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE 18 34 -47.1% 92 90 2.2% 66 40 65% $71,490,440 $47,023,500 52% $1,068,625 $1,062,500 0.6% 24 27 -11.1% 105.6% 101% 4.5% % CHANGE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE % CHANGE 0 0 QTD 2024 QTD 2023 NC

page is intentionally blank.

This

GLOBAL PROMOTION PROVIDED IN PARTNERSHIP WITH FORBES GLOBAL PROPERTIES

LEADING REAL ESTATE COMPANIES OF THE WORLD

MAYFAIR INTERNATIONAL REALTY

LUXURY POTFOLIO INTERNATIONAL

BROWN HARRIS STEVENS PARTNERING WORLDWIDE

ADDITIONAL SERVICES DELIVERED IN COORDINATION WITH

HILLTOP PROPERTY MANAGEMENT

home watch | property management | repairs and additions | staging

HILLTOP TITLE, LLC

title insurance | title quotes | settlement services

HILLTOP MORTGAGE, LLC

personalized loan programs to meet your individual needs