● The median listing price grew by 18.2% over 2021
● Mortgage rates have eased in recent weeks
● But mortgage rates are still over 5%
● In many New Jersey Markets, the price trajectory has eased
● Inventory shortages continue to constrain the number of home sales
● Nationally new listings were up 2% above one year ago.
● Still, on a comparative basis, active inventory is 11% above 2021 levels
● Fast sales – nationally, homes spent 6 days less on the market than 2021
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