The NJ cities with greatest home value increases in past year

Real estate can be all about timing. The worst move I ever made was buying a house in 2006 which I then was forced to sell in 2011 after the “Great Recession” under Obama hit. The value of that home plummeted by well over 30%.

It reminds me of an old Steve Martin joke…“I wrote a book called How to Turn a Million Dollars in Real Estate into $25 Cash.”

These days in much of New Jersey the timing couldn’t be more in favor of the seller. With inventory far lower than demand the prices of homes have increased dramatically.

SmartAsset ran a story exploring housing price growth from May of last year to May of this year. They ranked hundreds of housing markets across the country from most expensive to least expensive.

Of 532 housing markets ranked, 11 New Jersey cities made this list. Here they are in order of most to least expensive, average home price and the percentage change over one year.

Opinions expressed in the post above are those of New Jersey 101.5 talk show host Jeff Deminski only.

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