Sales of new homes down

Home sales are down across the Garden State and the rest of the country. Existing home sales fell a record 27 percent nationwide last month.

METUCHEN - Home sales are down across the Garden State and the rest of the country. Existing home sales fell a record 27 percent nationwide last month. New home sales also fell 12 percent nationally.

The head of the New Jersey Association of Realtors says there are no specific statistics for the state to compare with those national numbers, but New Jersey is better off than the nation as a whole as far as housing sales.

Realtors say they expect things to pick back up by the fall, so buyers can move in and be settled by the holidays.

advertisement | advertise on News 12

Trending Video

Fight at Willowbrook Mall prompts false reports of 1 Fight at Willowbrook Mall prompts false reports of shooting scare
Police say a fight at the Willowbrook Mall 2 Police: Fight at Willowbrook Mall prompts false reports of shooting scare
Barre originates from ballet, and similarly aims to 3 Ready, Set, Fit: Barre
Barre originates from ballet, and similarly aims to 4 Ready, Set, Fit: Barre
Drivers in Toms River got free gas on 5 Toms River drivers get free gas as new church promotion

advertisement | advertise on News 12

Features

It's good to know you have Walt Kane Kane in Your Corner

It's good to know you have Walt Kane in your corner.

News 12 takes a look at the hottest Tech Check

Eric Landskroner has a look at the latest gadgets and biggest stories in tech.

News 12 On the Scene

Check out these exclusive videos from New Jersey celebs!

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE