NJ Real Estate Market Shows Seasonal Adjustment in August

August brought a noticeable shift in New Jersey’s real estate market—housing activity eased, with inventory rising 3.6% over last year, though it’s still 11.1% lower than what we saw before the pandemic. The median listing price dipped by 1.3% to $424,500, while mortgage rates remained steady in the 6.65%–6.69% range. For those navigating major life transitions like divorce, probate, or estate sales, these subtle market changes can have a real impact on equity and timing. With decades guiding clients through complex situations, I keep a close eye on these trends to help protect what matters most.