Q2 Finally Sees Number of Homes for Sale Rise

Trenton, N.J. (July 28, 2025) — New Jersey’s housing market demonstrated sustained strength and renewed activity in June 2025, according to data released today by New Jersey Realtors. Home sales surged across all residential categories, fueled by rising inventory, strong buyer interest, and an increasingly dynamic summer selling season.

Statewide, closed sales increased 6.7% over June 2024, totaling 8,304 transactions across single-family homes, townhouses/condominiums, and adult communities. Pending sales, a key indicator of future closings, also rose sharply by 8.2%, reflecting continued buyer engagement throughout the state.

Market Highlights by Property Type

• Single-Family Homes:

• Closed sales rose 3.3% to 5,516 units.

• Median sales price climbed 6.8% to $625,000.

• Inventory increased 8.9%, offering more options for buyers.

• Average days on market remained steady at 30 days.

• Townhouses and Condos:

• Closed sales jumped 11.9% to 1,966 units.

• Median sales price slightly declined 1.4% to $420,000, potentially drawing more first-time buyers.

• Inventory expanded significantly, up 28.2%, with months’ supply up 25%.

• Adult Communities:

• Closed sales grew 8.7%, totaling 686 units.

• Median sales price surged 8.2% to $384,000.

• Inventory in this segment rose an impressive 57.8%, the highest among all property types.

“The June data shows our market moving toward better balance,” said Kathy Morin, 2025 President of New Jersey Realtors. “As inventory expands, buyers have more to choose from, and the consistent demand continues to support strong property values across New Jersey.”

Despite rising home prices, housing affordability remains a concern, particularly for single-family buyers. The overall Housing Affordability Index for June fell to 82, down 3.5% from last year. This suggests that income levels are not keeping pace with price increases and borrowing costs for many New Jersey households.

Inventory levels are up 17.4% statewide, providing much-needed relief to a previously tight market. The months’ supply of inventory rose to 2.8 months, a 16.7% gain from a year ago. This trend suggests that the market is gradually moving toward a more balanced environment, though it remains a seller’s market by historical standards.

For more information, visit njrealtor.com/data.

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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