“Déjà vu. noun a feeling of having already experienced the present situation.”
We’re looking at yet another quarter where housing inventory and the number of homes sold keep decreasing, while home prices continue to rise. Is low housing inventory causing fewer sales and an upward pressure on prices? Or is it interest rates?In some ways it’s a chicken-or-egg situation. We wouldn’t have one without the other, but regardless of which came first, they are very much interrelated. Here’s a summary of what’s happening with each market dynamic. Find out what all of this means for the Southern New Jersey real estate market in this latest edition of Market Insights.
Larry Flick V
Chief Executive Officer
The latest insights into the residential real estate market in Southern New Jersey in the 3rd Quarter of 2023.