Amira Sweilem | NJ Advance Media for NJ.com
Temperatures have already started rising, but New Jersey’s sizzling real estate prices may see a long-awaited cool down this summer for parts of the state, according to a market forecast from Zillow. Zillow’s home value forecast showed that about 60% of New Jersey ZIP codes they analyzed will see their typical home values depreciate this June.
Zillow had enough data points to calculate and forecast ZIP-code-level home values for more than half of New Jersey’s 981 ZIP codes through June 2023. New Jersey has 565 municipalities. If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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