Housing Market Update: New Jersey - August 2025

For residential real estate activity in the state of New Jersey

U.S. existing-home sales rose 2.0% month-over-month and 0.8% year-over-year

to a seasonally adjusted annual rate of 4.01 million units, according to the National

Association of REALTORS® (NAR). Economists polled by Reuters had forecast a

rate of 3.92 million units. Regionally, sales increased on a monthly basis in the

West, South, and Northeast, but declined in the Midwest.

• Single Family Closed Sales were down 4.7 percent to 5,613.

• Townhouse-Condo Closed Sales were down 9.2 percent to 1,709.

• Adult Communities Closed Sales were down 1.3 percent to 659.

• Single Family Median Sales Price increased 5.9 percent to $625,000.

• Townhouse-Condo Median Sales Price increased 2.7 percent to $440,495.

• Adult Communities Median Sales Price increased 3.1 percent to $380,000.

Nationally, 1.55 million units were listed for sale heading into August, up 0.6%

from the previous month and 15.7% higher than the same time last year,

representing a 4.6-month supply at the current sales pace, according to NAR.

Inventory is now at its highest level since May 2020, a shift that has helped slow

price growth in many markets. As a result, the national median existing-home

sales price edged up just 0.2% year-over-year to $422,400.

Data as of September 20, 2025. All data from the multiple listing services in the state of New Jersey. Margin of error for reported statewide numbers is +/- 4% at a 95% confidence level. Provided by New Jersey REALTORS®. Report © 2025 ShowingTime Plus, LLC.