Year-end Housing Data Shows Market Softening - Insider NJ

Jan 26, 2023 · Year-end Housing Data Shows Market Softening Trenton, N.J. (Jan. 26, 2023)—Rising interest rates, low inventory, and climbing prices have cooled the market in …

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Year-end NJ Housing Data Shows Market Softening

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Real Estate On Jan 27, 2023 Rising interest rates, low inventory, and climbing prices have cooled the housing market in 2022, with closed sales down 17.8% over 2021, according to year-end …

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N.J.’s Housing Market Is Showing Signs Of Softening - Nj.com

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Jul 6, 2022 · The percent of list price received was up 2.1% to 104.9% and days on market was down 17.6% from a year ago to 28 days, according to data for May released this week by New …

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Real Estate Market Shows Signs Of Softening In Parts Of N.J.

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Aug 28, 2022 · Statewide, the number of days a home spent on the market was up nearly 4% from 26 to 27 days. Median sales prices held steady at $510,000 and new listings were down …

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Ocean County Average Home Price Up 57% Since COVID - Asbury …

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19 hours ago · Ocean County's sales of 7,149 in 2024 were down 17% from 2023 and 47% from 2021, the data shows. As a result, Ocean County had the ninth-highest average home price …

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FAQs about Year-end Housing Data Shows Market Softening - Insider NJ Coupon?

Is New Jersey's housing market softening?

NEW! Rising interest rates aren’t putting a big dent in New Jersey’s robust housing market, yet. But there are signs it’s softening. The median sales price of a single family home was up 12.6% from a year ago to $490,000. ...

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. ...

Is the real estate market softening?

But there are signs it’s softening. The median sales price of a single family home was up 12.6% from a year ago to $490,000. The percent of list price received was up 2.1% to 104.9% and days on market was down 17.6% from a year ago to 28 days, according to data for May released this week by New Jersey Realtors. ...

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. ...

What factors influence housing affordability in New Jersey?

Several factors influence housing affordability in New Jersey: Rising home prices: The consistent year-over-year increase in median sales prices across all property types contributes to affordability challenges. ...