Mercer County NJ Home Prices Continue Gains

U.S. home prices, including distressed sales, increased by 2.9% compared to the same month last year, according to CoreLogic in its monthly index.

May was the fourth straight month prices showed a year-over-year increase. 

"Home price appreciation stabilized as home buyer tax credit-driven sales peaked in late spring," says Mark Fleming, chief economist for CoreLogic. "But given that the labor market and income growth remain tepid, we expect prices to moderate and possibly decline the rest of the year."

To see numbers for Mercer County communities, visit my Active Rain blog.

Joe Giancarli
Real Estate Advisor
Sales Associate
609-658-2612
jgiancarli@remax.net
www.joegiancarli.com
www.newjerseynewhomes.blogspot.com