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The weather is getting warmer, the sun is setting later, and the spring market has definitely sprung! Quarter 1 was a busy time for JerseyLiving Team.

Mortgage rates have increased significantly in 2022, but this has not slowed down the real estate market in South Jersey. Homes in the ‘burbs are in hot demand. However, there is not enough inventory on the market to meet this demand! According to Bright MLS, there was about a 50% drop in homes for sale compared to this same time last year in Camden, Gloucester, and Burlington Counties. Additionally, all three counties saw significant increases, 11% – 15%, in the average sales price. If you are thinking about selling, now is a great time. Let’s talk!

Be sure to read through our Q1 Market Report of 2022, where we share stats about the Greater Philadelphia real estate market.

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