
Several counties saw homes sell in under a median of a month, data shows. Canva for NJ.com
Over half of the state saw homes sell in under a median of a month, according to the latest data from Realtor.com.
At a median of 19 days, homes in Morris County sold the fastest statewide in April. Somerset and Passaic followed with homes selling at a median of 23 days in both counties.
Homes in Cape May County sold the slowest at a median of 55 days.
According to a Redfin report, potential homebuyers are holding off on purchasing a home due to high home values.
In the report, Joe Paolazzi, a Redfin agent based in Pittsburgh, said, “Homeowners have been waiting for mortgage rates to go down or market conditions to improve.”
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Stories by Amira Sweilem
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Amira Sweilem may be reached at asweilem@njadvancemedia.com.