New Jersey September 2017 Monthly Report
Every market is unique, yet the national sentiment has given rise to the notion that housing markets are stalling.
Although desirous buyers are out on an increasing number of showings, there remains a limited number of desirable listings. And although mortgage rates have remained enticingly low, home prices have reached unaffordable levels for many new entrants into the housing pool at exactly the same time that established owners are proving to be less interested in moving. The slowness of New Jersey’s economic recovery has made the state less susceptible to stall and more open to stability than other parts of the country.
FAST STATS
• Single Family Closed Sales were up 4.1% to 7,103.
• Townhouse-Condo Closed Sales were up 7.0% to 2,193.
• Adult Communities Closed Sales were down 3.4% to 703.
• Single Family Median Sales Price remained flat at $310,000.
• Townhouse-Condo Median Sales Price% 4.0 percent to $247,500.
• Adult Communities Median Sales Price remained flat at $180,000.
http://njar-public.stats.10kresearch.com/docs/lmu/x/EntireState?src=map