New Jersey home prices rise as year-round shore demand expands

New Jersey home prices are rising faster than much of the national market, with median prices between $540,000 and $585,000 and some shore towns seeing 6%-10% gains. Demand is shifting toward year-round shore communities and suburban "metroburbs" offering urban amenities. High-end sales are strong, but rising property taxes, interest rates, and slow new construction create affordability challenges and limit supply growth.