A small New Jersey Shore town just ranked among the most expensive zip codes in America, with average home prices topping $4 million. See which NJ town made the list.
The Garden State is also on the wrong side of the ledger when it comes to seriously underwater mortgages, where property owners owe at least 25 percent more than a home's current estimated value.
But some of the more outlandish home buying anecdotes may not repeat themselves; there might be closer to an average of six to 12 offers per property, at 3% to 5% over the asking price.
The difficulties in securing single-family properties have seemingly pushed many toward townhouses and condo units, for which sales were up almost 11% in August versus the same month in 2020.