As the weather heats up so is New Jersey housing market, according to the latest data.

Homes in New Jersey sold within a median of 36 days in March – three days faster than they sold in February. New Jersey tied with Maryland for second fastest selling homes in the nation, and Massachusetts was the only state that had homes that sold faster than in the Garden State.

Homes selling faster could be because of two things: the season and low inventory, according to real estate experts.

“It shows that properties are moving faster in the winter months than in past years, but overall keeps to similar trends of a longer time on the market in late fall and winter, with a ramp up beginning in spring,” Gloria Monks, president of New Jersey Realtors, said in an email to NJ Advance Media. “Inventory, of course, also affects this number — the lower the supply, the higher the demand,”

See how New Jersey compares to other states in the table below.

A note about the data: Realtor.com calculates time on market by taking the median number of days properties are sold.

Source: nj.com

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