new jersey realtors

Even in the dead of winter, the housing market remains hot in the Garden State.

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.

While the definition of an "older home" is hard to pin down, in general, a home built before 1978 will have lead paint, and heating and cooling systems that may be in need of upgrades.

New listings have become the Jersey equivalent of waiting in an online queue for Bruce Springsteen tickets.

The health crisis is apparently pulling city-dwellers away from packed streets and towards the shore, or coercing folks who have the means to finally pull the trigger and purchase a second home near the coast.

At least for the year 2020, summer may replace spring as the most active season for home buying and selling in the Garden State.