(Trenton, NJ) —New Jersey’s housing market entered the year with more homes available for sale and a modest increase in prices compared to last January, according to housing market data released this week by New Jersey Realtors.

Statewide Market Highlights—Total Market

• Median Sales Price: $517,250 (+1.6% year-over-year)
• Closed Sales: 5,090 (-8.4%)
• Pending Sales: 4,868 (-10.8%)
• New Listings: 7,619 (-3.1%)
• Homes for Sale: 14,717 (+5.3%)
• Days on Market: 46 (+7%)
• Percent of List Price Received: 100.2% (-.5%)

Single-Family Homes

• Median Sales Price: $575,000 (+1.8%)
• Closed Sales: 3,484 (-7.4%)

Townhouse/Condominiums

• Median Sales Price: $408,000 (-5.1%)
• Closed Sales: 1,120 (-14.3%)

Adult Communities

• Median Sales Price: $365,000 (-2.1%)
• Closed Sales: 458 (+2.5%)

New Jersey Realtors data reflects residential real estate activity reported through all New Jersey multiple listing services. For the full state and county reports, visit njrealtor.com/data.

About New Jersey Realtors

New Jersey Realtors, the voice for real estate in New Jersey for 100 years, is a non-profit organization serving the professional needs of more than 54,000 Realtor and Realtor-Associate members engaged in all facets of the real estate business. In addition to serving the professional needs of its members, NJ Realtors is dedicated to enhancing the ability of its members to conduct their business successfully while maintaining the preservation of private property rights. Realtor is a registered collective membership mark, which may be used only by real estate professionals who subscribe to the Realtor organization's strict Code of Ethics and are members of the national, state and local Realtor organizations. For more information, visit njrealtor.com. 

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