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In this update, I break down how the New Jersey real estate market closed out the year and what the latest data means for buyers, sellers, and investors moving forward. While market activity has slowed, prices remain firm, inventory is still tight, and mortgage rates are providing some long-awaited relief. Here’s what we cover in this report: • Mortgage rates are down nearly a full percentage point year-over-year, improving affordability • Total closed sales declined, led by a slowdown in the condo and townhouse market • Single-family and adult community home prices continue to hold strong • Inventory remains constrained at roughly a two-month supply • Homes are taking longer to sell, creating slightly more room for negotiation • What today’s market conditions mean for buyers, sellers, and investors right now The market is evolving quickly, and timing is critical. While statewide data provides important context, real estate is always local. If you’re planning to buy, sell, or invest, having a clear strategy based on your specific situation matters more than ever. Ready to talk real estate or need advice on your next move? Reach out anytime — your questions shape future content and help others in the community! Robert O'Keefe - ROK Realty Group 📱 (732) 201-3765 (Text/Call) 📧 rob@rokrealty.com 🌐 https://ROKRealty.com ----- Disclaimer: All content provided is for entertainment purposes only and does not constitute professional advice or a recommended course of action.