2021

Market Insights

Southern New Jersey

Latest Issue — Q4 2021 Report

A MESSAGE FROM OUR CEO

A New Market in a New Year?

Here we go again. Another COVID-19 variant is wreaking havoc on our lives. And, Market Insights is reporting yet another quarter of rising sales and prices and ever-decreasing housing inventory. As 2022 gets underway, we’ll look back on 2021 and contemplate how things might change in the coming year.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q4 2021 compared to Q4 2020

4%
Increase in home sales
3.2%
Average mortgage rate (30-year fixed)
42%
Decrease in inventory
16%
Increase in average sales price
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