Housing inventory across New York and New Jersey has dropped dramatically—from roughly 70,000 homes on the market pre-2020 to just 20,000–30,000 today.
The reason isn’t lack of demand—it’s a supply lock. Homeowners with historically low mortgage rates are choosing to hold or rent rather than sell, creating a highly competitive environment for buyers.
Thinking about buying or selling? Reach out and we will connect you with the right team member for your specific market area.
