More New Jersey homes
were for sale in July

Across New Jersey, buyers had 21,637 homes to choose from in July, almost 6 percent more than in July of last year. Homes are taking longer to sell, too: 40 days on market on average year to date, up 8.1 percent.

Prices kept climbing anyway. Year to date through July, the median single-family sales price is $610,000, up 3.7 percent. Across all property types the median is $550,000, up 4.8 percent. Townhouses and condos are at $440,000, up 3.5 percent, and adult communities at $380,000, up 2.0 percent.

Sales volume is a little softer. Year to date, 45,843 sales have closed, down 1.5 percent, and 50,272 are pending, down 0.3 percent. New listings are 75,278, up 3.3 percent.

By property type, single-family closings are 31,243, up 0.2 percent. Townhouse and condo closings are 10,253, down 7.5 percent. Adult community closings are 4,005, up 1.9 percent.

Sellers are still getting close to full price: 101.5 percent of list on average year to date, down 0.4 percent from a year ago.

The figures are statewide, from New Jersey Realtors, reported through the state's multiple listing services. County reports are at njrealtor.com/data. Our own eight-county breakdown is on the South Jersey Market Report page.