Sunday, May 27, 2018

Good luck finding a home in these 15 N.J. real estate markets | NJ.com

Good luck finding a home in these 15 N.J. real estate markets | NJ.com: Housing inventory in New Jersey dropped 11 percent between March 2017 and March 2018, according to data from Zillow. Even as prices rise slowly or remain stagnant statewide, residents are snapping up available housing, lowering the average time on the market and signaling potential price rises ahead.

"Houses here are selling much quicker than usual," said Dominie Healey, a booker associate for Vikki Healey Realtors in Hackensack. "It's coming onto the radar as a nice place to live, and there's the anticipation of development coming in the future."

But she agrees that inventory is "down all over." She's also noticed investors taking a more aggressive stance in the market.

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