R
eal Estate Market Snap Shot

    The Simonson & Zambrovitz Team at Coldwell Banker SJI presents the latest Real Estate Market Snap Shot. Despite a decline in volume and transactions, the median home price has remained stable since June 2022. However, this stability is now giving way to a downward trend, with the median home price actually decreasing for the current period. This shift is not limited to suburban areas, but is also being seen in metropolitan markets.

    The market's lag time has finally caught up with it, and the numbers are reflecting this change. The team at Coldwell Banker SJI will continue to monitor the market and provide updates on any further developments.