FEBRUARY MARKET UPDATE

​In February 2025, New Jersey's real estate market exhibited notable trends across various metrics:​

Inventory Levels:

  • Active Listings: The state had 11,851 active home listings, including 6,902 new listings. This represents a 4.96% decrease compared to February 2024 but a 7.11% increase from January 2025. (source here:

Home Prices:

  • Median Listing Price: The median listing price in New Jersey was $544,950, reflecting a 1.5% increase from the previous year and a 1.86% rise from the previous month. (https://njrereport.com)

Market Activity:

  • National Trends: Nationally, the number of homes actively for sale increased by 27.5% compared to last year, marking the 16th consecutive month of growth. However, the median price of homes for sale decreased by 0.8% year-over-year to $412,000. ​realtor.com

 

Overall, New Jersey's real estate market in February 2025 showed a slight decrease in active listings compared to the previous year but an increase from the prior month. Home prices continued to rise, with significant year-over-year gains in specific local markets, indicating sustained demand and a competitive market environment

Source: www.northjersey.com/story/money/real-estate/2025/03/06/nj-real-estate-market-performed-february-2025-sales/81345486007/?utm_source=chatgpt.com

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