Housing market trends for New Jersey are in for the quarter and the housing market in New Jersey according to NJ Realtors are as follows:
The month of December 2020 showed strong buyer demand and with continued low mortgage rates, spurred a healthy housing market.
• Single Family Closed Sales were up 38.3 percent to 9,367.
• Townhouse-Condo Closed Sales were up 34.1 percent to 2,704.
• Adult Communities Closed Sales were up 44.7 percent to 839.
• Single Family Median Sales Price increased 20.7 percent to $405,000.
• Townhouse-Condo Median Sales Price increased 7.4 percent to $290,000.
• Adult Communities Median Sales Price increased 19.0 percent to $249,950.
New Jersey expects 2021 to continues to see the low inventory trend and continued buyer interest. There’s increased interest in new construction and renovated homes.
December 2020 New Jersey Market
