Search Site
Menu

New Jersey Housing Market Slowing Down: Good News for Buyers; Bad News for Sellers

New Jersey Housing Market Slowing Down: Good News for Buyers; Bad News for Sellers
Data shows the number of homes sold is significantly less compared to a year ago. Interestingly, homes for sale inventory has been growing recently. Industry experts continue to note the increasing inventory in all markets. Moreover, mortgage interest rates are more than 2.5 points higher than a year ago, which may push more buyers out of the market. Rising rates equate to higher monthly payments and a larger payout overall for buyers, but a calmer market would mean their purchase price may be lower than what it would have been months ago. We can provide counsel and or assist you as to your real estate matters. Contact us at [email protected] or call us at 856-428-5577.

Office Address
Haddonfield Office
35 Kings Highway East
Ste. 212
Haddonfield, New Jersey 08033-0186
Phone: 856-428-5577
Text: 856-272-1954
Fax: 856-428-5969

Mailing Address
P.O. Box 284
Haddonfield, New Jersey 08033-0186
Phone: 856-428-5577