The median listing price for homes newly hitting the real estate market in May in New Jersey was $544,500, according to Realtor.com data.
Burlington, Morris and Passaic counties topped the list of declines at more than 39% each, the data showed. Every New Jersey county had fewer homes listed last month compared to May 2022 as an already tight housing market with low inventories continues to tighten.
Statewide 9,264 homes were newly listed in May, the data showed. Compared to other states, New Jersey saw the ranked seventh for the biggest decline in new listings over the past year. The median listing price in New Jersey was $544,500 in May, according to the data. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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