N.J.’s housing market is showing signs of softening –

House sold sign

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.