Are We Approaching Recession Levels in Monmouth County Real Estate?

A recent article in Fortune magazine caught my attention when Torsten Slok, Chief Economist of Apollo Investment Group, suggested that some housing markets are exhibiting "recession levels" of home sales. With mortgage rates remaining elevated, and affordability challenges persisting, many homeowners are holding onto their properties to maintain their lower mortgage rates. But are we truly experiencing recession-like conditions in Monmouth County? Let’s take a look at the data.