NJ Inventory Continues to Erode

Redfin reported that for December, 2022, the number of homes for sale fell 14.1% to 25,534 from 2021. While the number of newly listed homes was 4,272, down 29.7% from 2021 with the months of supply remained at 2 months, the same as in 2021. The average price in...

Active Inventory Increases

The numbers are confirming that the active inventory of homes for sale is growing even as mortgage rates dip to under 7%. According to the National Association of Realtors, the current trend boasted active listings to above their 2020 level in the same month for the...

February Inventory Grows

■ Inventory of homes for sale grew in February by 67.8% from 2022. ■ Days on market grew to 67 days from 23 days on market as reported in 2022. ■ Homes for sale or under contract increased by 13.3% as compared with 2022. ■ The cost of financing a home increased from...

February Real Estate Stats

■ Inventory of homes for sale grew in February by 67.8% from 2022. ■ Days on market grew to 67 days from 23 days on market as reported in 2022. ■ Homes for sale or under contract increased by 13.3% as compared with 2022. ■ The cost of financing a home increased from...