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Best NJ Home Buying Opportunities Now

Performance Property Real Estate Question

Q: Where are the best areas to find bargains for homes in NJ now? Sharon, North Brunswick, NJ

A: The best home buying opportunities normally occur in places that have the most available homes for sale. In most places in NJ, available housing supply is very low however, housing inventory in many NJ shore towns in Monmouth, Ocean, Atlantic & Cape May counties has risen quite a bit lately. When this happens, home prices tend to stabilize and may even drop as sellers become more willing to compromise when negotiating in order to compete with other properties for sale in the same area. This increase in NJ shore home availability represents a market re-adjustment after the NJ shore buying frenzy that occurred during the pandemic which creates an opportunity for buyers in those shore areas. Thanks for your question, Sharon.

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