Interest rates are up but so are prices.Getty Images
Rising interest rates aren’t putting a big dent in New Jersey’s robust housing market, yet. But there are signs it’s softening.
The median sales price of a single family home was up 12.6% from a year ago to $490,000. The percent of list price received was up 2.1% to 104.9% and days on market was down 17.6% from a year ago to 28 days, according to data for May released this week by New Jersey Realtors.
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