In August, we saw real estate activity in New Jersey ease up a bit—inventory bumped up 3.6% from a year ago, but it’s still 11.1% under pre-pandemic levels. The median listing price edged down 1.3%, now sitting at $424,500. Mortgage rates? They’re holding steady in the 6.65%–6.69% range. For those of you navigating your first home purchase or thinking about making a move (whether you’re buying, selling, or facing a unique situation like foreclosure or divorce), these numbers mean opportunity—especially if you’re considering downpayment assistance programs in NJ. It’s my job to help you understand what these shifts mean for your specific needs and to guide you through programs that could put $10,000 to $37,000 toward your downpayment and closing costs. Whatever your scenario, having the right information makes all the difference.
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