The National Market Is Shifting Toward Buyers, but New Jersey Is a Bit Different
In recent real estate headlines, the phrase “buyer’s market” has been appearing more often. According to recent reports, the number of sellers is now clearly exceeding the number of buyers nationwide, and as a result, negotiating power is gradually shifting toward buyers. In today’s Korea Daily article, for example, the Los Angeles market was described as having 52.6% more sellers than buyers, showing that buyer-friendly conditions are becoming more visible not only in LA but across the country. The article also noted that, in many parts of the national market, a growing share of homes is selling below list price. However, one important point to keep in mind is that the national trend does not necessarily reflect what is happening in New Jersey. Looking at statewide New Jersey data, as of February 2026, the median sale price for single-family homes rose 5.3% year over year to $558,000, while the average sale price increased to $717,314. At the same time, single-family inventory…
