Housing Market Update: New Jersey - August 2026

For residential real estate activity in the state of New Jersey

U.S. existing-home sales edged down 1.7% from the previous month to a seasonally adjusted annual rate of 4.06 million units, according to the National Association of REALTORS® (NAR). Regionally, sales increased in the Northeast, held steady in the West, and declined in the Midwest and South. On a year-overyear basis, sales rose in the Midwest and West while remaining flat in the Northeast and South.

• Single Family Closed Sales were down 0.3 percent to 5,650.

• Townhouse-Condo Closed Sales were down 8.6 percent to 1,576.

• Adult Communities Closed Sales were down 2.2 percent to 655.

• Single Family Median Sales Price increased 3.1 percent to $644,500.

• Townhouse-Condo Median Sales Price remained flat at $440,000.

• Adult Communities Median Sales Price decreased 1.3 percent to $375,000.

Nationally, the median existing-home sales price climbed to $431,400, as inventory remained at a 4.6-month supply at the current sales pace, NAR reported. Year-to-date sales are up 2.4%, reflecting stable demand even amid elevated mortgage rates. Homes are sitting on the market longer and fewer buyers are bidding above asking price compared to a year earlier, though local market conditions vary widely.

Data as of September 9, 2026. 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.