About the NJ Market

The local real estate markets in the Garden State have opportunities for both buyers and sellers. Knowing all the facts about local real estate conditions and about New Jersey’s advantages is crucial to making the most of these opportunities.

What's the Latest?

Local Market Reports show there is much to GAIN with homeownership.

The NATIONAL ASSOCIATION OF REALTORS^® (NAR) recently released the first quarter 2010 Metro Area Market Reports. These reports examine homeowners’ equity, price affordability, mortgage markets and rates of foreclosure in NJ areas compared to the national average. In each of the metropolitan areas below, the 7-year appreciation rate yielded positive results in homeowners’ equity. This shows real estate in NJ continues to be a strong long-term investment.

• Atlantic City Region • Edison Region • Newark/Union Region • Trenton/Ewing Region

Get the Facts

Despite the national trends and statistics you might have heard, the old adage that all real estate is local has never been truer. Market facts in New Jersey, combined with national incentives, make now a good time to get active in New Jersey’s real estate market. Here's why:

• Seven-year real estate appreciation in the Garden State -- at 37% -- is five times the national average. More

• Mortgage rates are near historic lows, giving buyers a better chance to secure low payments for years to come. More

• Housing affordability – determined by home prices, income data and other factors – is high in New Jersey. More

• Increased Federal Housing Administration (FHA) loan limits means more money is available, expanding your purchasing power. More

• New Jersey is among only three states that experienced an increase in sales activity from the fourth quarter of 2009 to the first quarter of 2010. More

New Jersey’s Homegrown Advantages

With unique and attractive neighborhoods, great schools, and other benefits, New Jersey is a great fit for the three rules of real estate – location, location, location. See what makes the Garden State such a great place to live and check out our interactive map to see specific county information and local real stories.

Local Conditions

The market varies throughout the Garden State. Find out more about local markets with recent metro area reports from the NATIONAL ASSOCIATION OF REALTORS®: Atlantic City • Edison • Newark • Trenton