New Jersey Real Estate Market Insights for Sellers

The New Jersey housing market continues to evolve, presenting both opportunities and challenges for sellers. Whether you're considering listing your home or strategizing for the best possible sale, understanding current market trends is essential.

📈 Key Market Trends in NJ

✔ Inventory Growth – April marked the 18th consecutive month of inventory increases, giving buyers more choices than in previous years. ✔ Price Adjustments – While home prices continue to rise, 18% of active listings saw price reductions—the highest April percentage since 2016. ✔ Market Rebalancing – Sellers are becoming more flexible, and buyers who are prepared may find new opportunities. ✔ Mortgage Rates – Rates for a 30-year fixed mortgage range from 6.62% to 6.83%, impacting affordability.

💡 What This Means for Sellers

🔹 Pricing Strategically – With more homes on the market, competitive pricing is key to attracting serious buyers. 🔹 Market Timing – Spring and summer remain prime selling seasons, but adjusting to market shifts is crucial. 🔹 Buyer Behavior – Higher mortgage rates mean buyers are more selective, making home presentation and marketing more important than ever.

🚀 Ready to Sell? Let’s Make It Happen!

If you're thinking about selling your home in South Jersey, I’d love to help you navigate the market with confidence. Let’s connect! 📩

📞 (856) 579-0367 📍 Panaro Realty, LLC 🌐 ChristinaGanassi.realtor