NJ Real Estate Slows in August as Listings Rise

New Jersey housing activity slowed in August with rising active listings and more price cuts. Inventory grew for the 34th straight month while median prices mixed across counties.

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Insights:
The home at 18 Oakdale Ave. in Hopatcong sold for $2.225 million on Aug. 14.

New Jersey housing market activity cooled during late summer as inventory expanded and price reductions became more widespread. Active listings across the state rose 15.6% year-over-year to 20,375 properties in August.

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