New Jersey January Market Trends

• Single Family Closed Sales were up 13.1% to 4,930.
• Townhouse-Condo Closed Sales were up 7.4% to 1,438.
• Adult Communities Closed Sales were up 16.4% to 440.
• Single Family Median Sales Price increased 1.1% to $288,000.
• Townhouse-Condo Median Sales Price decreased 4.1% to $235,000.
• Adult Communities Median Sales Price increased 13.4% to $174,000.

NJ Single Family Home Market
New Listings  8,883  9,566   +7.7%
Pending Sales  4,191   5,360   +27.9%
Closed Sales 4,359  4,930 +13.1%
Median Sales  285  288K +1.1%
Avg Sales Px  $370.8K  377.7K  +1.9%
% Recd   95.9%   96.5%  +.06%
Days on Market  96   88   -8.3%
Inventory 41,271   33,425   -19.0%
Months Supply  7.4  5.2  – 29.7%

New Jersey Realtor report – www.njrealtor.com