The numbers for the New Jersey real estate market, specifically for single family homes, reflected contraction in new listings, pending sales and closed sales. Both median sales price and average sales price climbed double digits year-over-year. The shortage of available homes for sale continues to be problematic for home buyers. At this point there is a 3.7-month supply of homes on the market, which compares to 5.4 months supply reported in March of 2019.Sellers continue to see the market trend of double-digit appreciation as is reflected in the median sales price and average sales price, both of which increased 11.7% and 11.4%, respectively.