According to NJ.com, home sales outpaced all other states in the country.

Sales of new and existing homes in New Jersey outpaced the nation over the past year, according Realtytrac.com, while prices increased slightly, trailing the national average.

Between Sept. 2012 and last month, the number of homes sold jumped by 18 percent in New Jersey, and 14 percent nationwide. Sales prices rose by 5 percent in the Garden State, but 6 percent across the country.

The other news in the article:

According to the Otteau Valuation Group, housing inventory is down 10 percent.

Which generally leads to increasing prices.

Again, the reporting period was September 2012 through September 2013.  Now that we are almost in November, the normal seasonal slowdown is happening and we shouldn’t expect increases in prices or activity until spring.

 

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