Housing Market Update: New Jersey - February 2026

For residential real estate activity in the state of New Jersey

Despite improving affordability conditions, U.S. existing-home sales declined 8.4% to a seasonally adjusted annual rate of 3.91 million, a 4.4% drop from one year earlier, according to the National Association of REALTORS® (NAR). The slowdown followed a 5.1% increase the previous month and modest gains throughout the fall. Sales retreated month-over-month and year-over-year in all four regions.

• Single Family Closed Sales were down 9.5 percent to 2,827.

• Townhouse-Condo Closed Sales were down 17.4 percent to 976.

• Adult Communities Closed Sales were down 8.0 percent to 377.

• Single Family Median Sales Price increased 5.3 percent to $558,000.

• Townhouse-Condo Median Sales Price increased 0.1 percent to $407,792.

• Adult Communities Median Sales Price increased 5.6 percent to $375,000.

Nationally, the median existing-home price inched up 0.9% year-over-year to $396,800, a new high for the month, NAR reported. Home prices have continued to rise across much of the country, in part due to low supply, which remains below pre-pandemic levels. Total housing inventory stood at 1.22 million units as of the most recent reading, up 3.4% from one year earlier, representing a 3.7-month supply at the current sales pace.

Data as of March 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.