LGBT Zipcodes -- A Closer Look -- Jersey City
By Jeff Adolph
Increased Market Value
According to recent sales figures, New Jersey is proving to be a market that is worth watching, with a 4% increase in the sale of homes and condominiums in the area, compared to last years figures.
The National Association of Realtors (NAR) states that New Jersey's annual home sales rate was 169,600, which shows a consistently stable real estate environment.
Drew Fishman, CRS, 2008 New Jersey Association of Realtors (NJAR) president believes that the NEW Jersey real estate market is proving to be continuously sound. "Nationally, total sales for single-family homes, condominiums and co-ops dropped by 22% form the previous year's figures. However, New Jersey was one of three states to show an increase. This is just further evidence that New Jersey does not follow national real estate trends."
Furthermore, there are some areas of New Jersey that have displayed slight price increases.
Main Story Source: Ashbury Park Press (2008) Home Sales Up 4 percent in New Jersey; available online at www.app.com
Picture Source: www.realestate.nytimes.com and www.princetonhomesearch.com
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