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