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4 Essential Steps for Winning With Buyers and Builders — RISMedia

NJ housing market remains hot as new listings become major events

NJ housing market remains hot as new listings become major events It s no secret that demand for homes has far outpaced available inventory for much of the past year in New Jersey, and the April report from New Jersey Realtors indicates that imbalance is not close to evening out. More than 10,000 closed sales last month represented a one-third increase (33.4%) from April 2020, with 101% of list price received and the average listing lasting just 43 days. Historically low interest rates, still at only 3% currently for a 30-year fixed-year mortgage, brought more buyers into the market as soon as the most stringent pandemic restrictions began to lift late last spring.

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