By Richard Choi, New Jersey Realtor - Expert Analysis of the Housing Market According to the latest report from the National Association of Realtors (NAR), existing home sales decreased by 5.9% in March compared to the previous month. The housing market across the United States, including New Jersey, continues to show a cooling trend. New Jersey Realtor Richard Choi analyzes the key findings of this report and their impact on the New Jersey real estate market. Key Market Indicators and New Jersey Impact "The median home price in March reached $403,700, representing a 2.7% increase year-over-year. Notably, the Northeast region saw a 7.7% price increase to $468,000, which is directly affecting the New Jersey housing market," explains Richard Choi. Inventory conditions have also seen significant changes. The number of existing homes available on the market increased to 1.33 million units, up 8.1% from February. This inventory growth is expected to provide New Jersey buyers with more options in the coming months.…