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- Adult communities' median price surged 9.9% to $368,000. New Jersey's housing market continues to defy expectations with steady price growth despite the slowdown in transactions. The 6.9% overall increase in median sales price suggests that demand remains strong, especially for single-family homes and adult community properties.
www.newjerseyrealestatenetwork.com/blog/new-jersey-real-estate-market-update/
Oct 30, 2024 · The adult community housing market in New Jersey reflects a market in transition, with slowing sales but rising prices and stable inventory. Buyers can benefit from improving affordability and the chance to negotiate favorable terms, while sellers can still leverage price growth to maximize returns.
Oct 21, 2024 · Adult Community Market: Closed sales experienced a 4.5% year-over-year increase. Median sales price rose by 5.7% to $369,950. Inventory decreased by 5.1% year-over-year. This article can be expanded upon by adding information about the affordability of homes in New Jersey. Affordability in the New Jersey Housing Market.
Oct 16, 2024 · Retirees, in search of low-maintenance and affordable living options, are increasingly drawn to New Jersey's adult communities The New Jersey real estate market is poised for continued strength over the next five years, albeit with some moderation in price appreciation. Several key factors contribute to this forecast:
What is the housing market like right now? In October 2024, home prices in New-Jersey were up 8.8% compared to last year, selling for a median price of $533,700. On average, the number of homes sold was up 1.0% year over year and there were 7,575 homes sold in October this year, up 7,497 homes sold in October last year.
May 7, 2024 · New Jersey has many excellent 55+ communities offering endless amenities and activities. These communities provide a comfortable and enjoyable lifestyle for active adults who want to maximize their golden years in some of the best cities in New Jersey.
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Oct 28, 2024 · Home Prices High and Growing. Naturally, NJ home prices remain high and growing. After hitting an all-time high of nearly $600,000 in July, the median single-family home sales price reached $591,489 in August, up 5.6% from last year. That’s compared to a U.S. median home sales price of $422,100, a 2.9% increase from last year.
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