For an insight into the changing NJ Real Estate market, a look at one of Jeffery Otteau's charts can be illuminating. This one compares overall sales contracts from the past 3 years. His accompanying report is provided by the Otteau Appraisal Group who also authors a series of widely followed quarterly market reports on the New Jersey real estate market. This information is collected from various sources including NJ Boards of Realtors and Multiple Listing Systems.
It's summarized on Jonathan J. Miller's informative Matrix blog.
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