Information About the New Jersey Real Estate Market
Posted in Education on October 29th, 2008The recent economic changes caused by the subprime lending meltdown are changing real estate markets nationwide. In New Jersey, the average price of a home has changed dramatically in the last year, going from about $361,000 to $346,000 (according to Zillow.com). This is very significant because the market prior to 2006 was very positive, with the average price of a home increasing each year.