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The reasons why N J home sales plummeted 22% last year
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These are the N J counties that saw the biggest spikes, dips in homes sales
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Housing stock in N.J. is half of what it was last year, pushing prices to $500K on average
Updated Mar 01, 2021;
Typically this time of year in Randolph, there are 120 to 140 homes listed for sale. Right now there are just 23.
It’s a trend agents and buyers are seeing throughout the state brought on in part by COVID-19 concerns and the intense competition for the few houses that are on the market.
“The inventory is ridiculously low. Unprecedented,” said Missy Iemmello, office manager for Weichert Realtors corporate sales office in Morris Plains, which has 120 real estate agents doing business in Morris, Sussex, Warren, Bergen and Essex counties.