A whopping 23 N.J. towns ranked among the top 150 hottest housing markets in the nation in November, the latest Realtor.com data showed.
New Jersey’s highest entry on the list was Marlton in Burlington County at the 22nd spot, with a median listing price of $423,725. New Jersey had 15 towns in the top 100.
Nationally, a part of Rochester, New York and Franklin in Massachusetts had the top two hottest markets.
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Realtor.com calculates its hotness rank based supply and demand data on its site, Sara Wiskerchen, director of corporate communications at Realtor.com told NJ Advance Media in an email.
Realtor.com determines demand based on unique views of properties on Realtor.com, and supply through the number of days a property has been actively listed on Realtor.com. These two scores are then averaged to create a hotness score, and then ranked.
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Amira Sweilem may be reached at asweilem@njadvancemedia.com.
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