The New Jersey housing market is looking for some spring in activity in the first two quarters of 2015.
The S&P Case Shiller November national index of property values reported an increase of 4.3 percent from November 2013 after rising 4.5 percent in the year ended in October.
Prices reflect that prices have eased from the hot market of 2013. The increases came as a result of very low interest rates, improved employment and reduction in borrowing costs.
It is very possible that the current economic climate of low interest rates, cheap gas and still lower than expected housing inventory will push prices higher for the first two quarters of 2015.
Single Family Homes for Ocean County
New listings grew in December to 618, up 9.2 percent from 566 in 2013.
Closed sales also climbed to 554, up 6.7 percent from 519 in 2013.
Days on market fell slightly to 117 days, from 120 days in 2013.
Single Family Homes for Monmouth County
New listings grew in December to 449, up 11.7 percent from 402 in 2013.
Closed sales also climbed to 442, up 12.5 percent from 393 in 2013.
Days on market increased slightly to 99 days, from 89 days in 2013.
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