New Jersey Year-Over-Year Home Prices Were Down in November

Gay New Jersey Real EstateReal estate analysts are cautiously optimistic about an improved housing market this year. But it’s been a long wait for a bounce-back.

Year-over-year housing prices in New Jersey through November were down 0.7 percent, to $258,000, according to the website. Only five of the state’s 21 counties showed increases, led by Hudson (up 8.9 percent) and Cape May (4.8 percent) counties. The biggest drops were in Cumberland (7.8 percent) and Sussex (7.1 percent).

Home prices were down 0.1 percent in Monmouth County, to $327,000, and down 0.4 percent in Ocean County, to $232,600. Monmouth bottomed out in February 2012, but the average price today is still lower than it was in October 2003, and it is down 24.6 percent from its peak of $435,000 in May 2006.

At Gay Realty Watch, we look for news to share with you about the gay real estate market – both lgbt real estate news and news specific to gay and lesbian real estate meccas.

See the Full Story at the Asbury Park Press

Click here for gay realtors, mortgage lenders, and other real estate professionals in New Jersey.

If you have a gay real estate story that you’d like to share with us, contact us at [email protected]