Continued buyer interest boosts Middlesex county real estate markets
Real estate markets in Middlesex county remain strong as continued interest from buyers and low inventories are bolstering prices. Although new listings are up from where they were from a year ago, housing inventories are still not keeping up with buyer demand in markets throughout New Jersey.
Locally, there were 585 new listings in August, and the median sales price for houses in Middlesex county rose to $516,000. Statewide, prices remain about 20% higher than a year ago. Interest from buyers has not cooled despite the increase in mortgage rates, although some buyers have had to adjust their price ranges to quality for home mortgage loans.
Meanwhile, houses continue to sell at a fast pace. Typical transactions are moving quickly and homes in the hottest markets are selling within a few days.
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