NJ Housing Market Predictions + National Insights

As we move further into 2024, the New Jersey real estate market continues to be a focal point for many homebuyers and realtors alike. With questions such as “Are housing prices going …

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NJ Housing Market Predictions For 2025: What To Expect In The …

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Dec 27, 2024 · Throughout 2024, 30-year fixed mortgage rates have ranged from 6% to mid 7%. And while borrowers could see a slight decrease in rates in 2025 as a result of these cuts, real …

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NJ Real Estate Market: Home Listings Down In 2024 - Bergen Record

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5 hours ago · As for the townhouse-condo market, the report said there were a total of 19,760 housing units sold in 2024, or 2.3% more than in 2023. New listings also increased by 8.7% …

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December 2024 Housing Market Update: Key Trends And Insights

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Nationally, experts forecast home prices to appreciate by an average of 3.5% in 2025, with only minor declines in select areas. South Jersey Shore Market Insights. Here are some notable …

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New Jersey Housing Market Trends & Forecast 2024 - Innago

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Jul 5, 2024 · Stay informed with New Jersey housing market trends and forecasts for 2024. Make informed real estate decisions. ... the national median home price was $438,601 —New …

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US Home Price Insights – January 2025 | CoreLogic®

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Jan 7, 2025 · Forecast Prices Nationally. The CoreLogic HPI Forecast indicates that home prices will drop by -0.2% from November 2024 to December 2024 and increase by 3.8% on a year …

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Home Equity Hits Record $35 Trillion: 2024’s Regional ... - Forbes

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3 days ago · The national housing market achieved robust growth in home prices year-over-year, despite unfavorable interest rates and economic uncertainty. ... New Jersey and Delaware saw …

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FAQs about NJ Housing Market Predictions + National Insights Coupon?

Why is the New Jersey housing market performing so well?

The New Jersey housing market's performance mirrors a national trend of recovery. Existing-home sales in the United States increased for the first time in five months, driven by lower mortgage rates and rising supply. ...

How has New Jersey's housing market changed over the past month?

Nationally, the housing inventory increased slightly by 0.8% from the previous month, with a 4.0-month supply at the current sales pace. However, demand still far exceeds supply, putting upward pressure on prices, a trend reflected in New Jersey's numbers. ...

How strong is the New Jersey housing market?

The New Jersey housing market is poised to remain strong and resilient over the next five years, notwithstanding challenges and uncertainties. It's crucial to note that these figures are forecasts, and actual results may vary. Potential buyers and sellers are advised to carefully assess these factors before making any real estate decisions. ...

How resilient is the New Jersey housing market in 2024?

The New Jersey housing market is showing signs of resilience in 2024, with rising sales prices and strong demand despite an uptick in inventory. This article will explore the current trends in the New Jersey housing market, breaking down key indicators for different property types and offering insights for buyers and sellers. ...

How did the New Jersey housing market perform in August 2024?

Inventory Growth: The number of homes for sale in August 2024 decreased by 1.9% compared to the same time last year, suggesting a slight easing of inventory constraints. The New Jersey housing market's performance mirrors a national trend of recovery. ...

Does New Jersey have a housing market?

Adult Communities: Homes in adult communities saw a 5.7% rise in median prices, now at $369,950. This segment of the market is somewhat insulated from extreme fluctuations but still shows the overall upward trend in prices across New Jersey. One of the main challenges facing the New Jersey housing market is the limited supply of homes. ...