NJ Realtors® Weekly—Jan. 25
Top Story of the Week
Over 100,000 Closed Sales in 2022
NJ Realtors® 2022 year-end housing market data is now available on the state, local, and municipal levels! In 2022, there were 108,064 closed sales, a decline of -17.8% compared to 2021. New listings also declined in 2022 with 134,557 homes listed, a -14.6% decrease.
While new listings and closed sales declined, the median sales price increased nearly $29,100 over last year to $429,000.
Being a Member Has its Perks
Get Your Taxes in Order with MidasIQ
NJ Realtors® Member Perks Partner MidasIQ is hosting a free webinar next week on Feb. 2 to help you avoid last-minute tax mistakes before you file for 2022.
Don't miss out on this opportunity to save thousands and protect your deductions.
What's Trending on NJ Realtors® Instagram?
The National Association of Realtors® reports five reasons the current market isn't a repeat of the 2008 housing crash.
Click here to read the article.
State of the State
New Inland Flood Rules from the DEP
The 60-day public comment period for the NJ Department of Environmental Protection's new inland flood protection rule ends on Feb. 3.
The rule was proposed following the flood devastation from Hurricane Ida and aims to address outdated rainfall data, ensure development and construction projects are well-equipped with data and protect New Jersey's assets.