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New Jersey Homes Selling Fast Amid Price Surge

3/10/2025

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Summary

Story summary

New Jersey homes sell almost twice as fast as the national average, with a median price of $434,000, up 6.6% year-over-year.
Manchester, NH ranks second in market hotness, followed by Philadelphia, NYC, and Kansas City.
High demand stems from excellent schools and amenities, leading to properties often selling above asking price.
Annual price growth in hot markets has softened to 0.9%, marking the lowest rate in Realtor.com’s history.

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Story summary

New Jersey homes sell almost twice as fast as the national average, with a median price of $434,000, up 6.6% year-over-year.
Manchester, NH ranks second in market hotness, followed by Philadelphia, NYC, and Kansas City.
High demand stems from excellent schools and amenities, leading to properties often selling above asking price.
Annual price growth in hot markets has softened to 0.9%, marking the lowest rate in Realtor.com’s history.