New Jersey Real Estate Report | Real Estate, Economics, and Politics

5 days ago · 2025 New Jersey Economic Outlook. Real Estate – In real estate, the housing market could see moderate growth, however, housing affordability will remain a challenge. …

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NJ Real Estate Market Report - Howard Hanna Rand Realty

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Bergen County single-family home sales fell significantly, dropping 29.7% from last year’s second quarter and now down 27.5% for the rolling year. Similarly, condo closings were down 18.7% …

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10 Most Expensive Homes Sold In Bloomfield, Jan. 13-26 - Nj.com

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2 days ago · A house that sold for $870,000 tops the list of the most expensive residential real estate sales in Bloomfield between Jan. 13 and Jan. 26. In total, 12 residential real estate …

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FAQs about New Jersey Real Estate Report | Real Estate, Economics, and Politics Coupon?

Is the New Jersey real estate market shaped by economic factors?

As we review the residential real estate activities for June 2024 in New Jersey, the trends from the National Association of REALTORS® (NAR) indicate a challenging market shaped by persisting economic factors. ...

What will the New Jersey real estate market look like in 2024?

Overall, the New Jersey real estate market in 2024 is expected to be one of moderation. While inventory is likely to remain tight, price growth is predicted to slow down. Rising interest rates will be a factor for buyers to consider, but a more balanced market may emerge with increased opportunities for both buyers and sellers. ...

What influenced the New Jersey residential real estate market in September 2023?

The New Jersey residential real estate market has shown varying degrees of activity across different sectors in September 2023, influenced by broader economic factors and unique market conditions. The Single Family Homes market has faced a significant contraction in sales activity with a noticeable 25.8% decrease in closed sales. ...

How competitive is the New Jersey real estate market?

The New Jersey real estate market continues to be competitive, with rising prices and tight inventory across all segments. The Townhouse-Condo market, in particular, stands out for its growth in listings and sales, indicating a strong appeal. ...

Is the New Jersey real estate market changing?

Gradual Shift: The New Jersey real estate market appears to be transitioning from a seller's market to a more balanced market. This is likely to be a gradual shift, and sellers may still enjoy some advantages. However, buyers will also have more opportunities to negotiate and find homes that fit their budget. ...

What happened to real estate in New Jersey in 2024?

Real estate activity in New Jersey slowed down as 2024 came to an end, with the state seeing fewer homes hitting the market and active listings staying on the market for longer. And while many counties continued to see a rise in home prices during the month, several saw home prices decrease. ...