Housing Statistics

The New Jersey Association of REALTORS^® (NJAR^®) receives housing statistics on a quarterly basis which are compiled by the NATIONAL ASSOCIATION OF REALTORS^® (NAR).

View the quarterly reports on New Jersey home sales.

The most recent statistics include sales of existing single-family homes in the 1st quarter 2008 report.

Surveys & Reports

NJAR^® frequently commissions surveys on a number of real estate industry topics in order to better inform its members and public about the real estate industry.

Subprime ARM Performance - New Jersey and National
May 2008

New Jersey Mortgage Conditions
Presents the current level of subprime exposure and its impact upon foreclosure activity in New Jersey.

Economic Impact of Real Estate in New Jersey
The real estate industry accounted for $97,250 million or 21.5 percent of the Gross State Product for New Jersey in 2006. Read more about the economic impact in the report.

Price Analysis
Detailed outlines providing historical data and forecasts on price appreciation and foreclosure rates.

• Atlantic City Region
• Edison Region
• Newark-Union Region
• Trenton-Ewing Region

Metro Area Wealth Gain Reports
Look at homeowners' equity accumulation over the years in the following metropolitan regions:

• Atlantic City
• Edison region
• Newark/Union region
• Trenton/Ewing region

Relocation Reports - Updated with the most recent information available, members can view these reports to determine which counties relocation clients are coming from and going to along with income information.

2008 New Jersey Member Profile survey (NJAR^® members only)

View the 2007 New Jersey Member Profile survey (NJAR^® members only), or read a summary of the survey.

View the 2007 New Jersey Home Buyers and Sellers Profile survey (NJAR^® members only), or read a summary of the survey.

National Housing Statistics

Second-Home Sales Accounted For One-Third of Transactions in 2007

The combined total of vacation- and investment-home sales declined with the overall market in 2007, but still accounted for 33 percent of all existing- and new-home sales, which is close to historic norms, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR). The market share of homes purchased for investment last year was 21 percent, which only dropped 1 percent compared to 2006, while the market share of vacation homes was 12 percent in 2007, compared to 14 percent in 2006.

Other findings from NAR's annual Investment and Vacation Home Buyers Survey showed that the typical investment property cost $150,000 last year, unchanged from 2006. The median price of a vacation home was $195,000 in 2007, down 2.5 percent from $200,000 in 2006. The survey can be ordered by calling (800) 874-6500, or online. The cost is $50 for NAR members and $125 for non-members.

The NATIONAL ASSOCIATION OF REALTORS® (NAR) conducts research and has available several reports such as national housing statistics, and economic indicators and forecasts.

NAR's housing statistics include Existing Home Sales, Pending Home Sales, Metropolitan Area Home Prices, State Existing-Home Sales and the Housing Affordability Index.

Other housing statistics resources:

U.S. Census Bureau
www.census.gov/hhes/www/housing.html

National Association of Home Builders
www.nahb.org/page.aspx/generic/sectionID=152

Department of Housing and Urban Development
www.hud.gov/

New Jersey Builders Association
http://njba.org/

Office of Federal Housing Enterprise Oversight
www.ofheo.gov/