New Jersey Housing Market 2025: The Shift Everyone's Been Waiting For

The shift in New Jersey's housing market is finally here. Median home prices are down 3.1% year-over-year in key towns like Freehold, Ridgewood, and Princeton, while inventory is surging in Wayne, Edison, and Union. Homes are sitting on the market 10% longer, giving buyers real negotiating power for the first time in years. We break down the five key metrics driving this change, analyze top-performing markets like Wayne's "Triple Crown" performance, and share strategic insights for both buyers and sellers navigating this transition. Plus, what to expect for fall 2025 with Fed moves and interest rate trends.