South Jersey Market Snapshot: November 2026

The big story this month: mortgage rates are easing off their October peak. As of the week ending October 29, 2026, the national average 30-year fixed rate was 7.24 percent, down from 7.40 percent in early October, according to Freddie Mac's Primary Mortgage Market Survey.

South Jersey's housing market entered November 2026 with two forces pulling in opposite directions. Mortgage rates have ticked down from their October peak, and inventory across the region keeps climbing. The most recent verified county readings show Burlington County's median sale price at $405,000 in September 2026, down 2.4 percent from a year earlier, Camden County at $376,950, up 4.7 percent, and Gloucester County at $379,000, up 5.8 percent over the three months ending in September. Here is what those numbers mean for buyers, sellers, and anyone deciding whether now is their moment to move.

This is the next edition of the South Jersey market snapshot series. Each month I pull the freshest verified numbers I can find across Burlington, Camden, and Gloucester Counties, rotate through the towns I watch closely, and explain what the data means in plain language. No hype, and no predictions dressed up as facts. Just what the data shows as of today.

What Happened to Mortgage Rates in November 2026?

Rates moved lower in October, and that is the most welcome change since last month's snapshot. According to Freddie Mac's Primary Mortgage Market Survey, the national average 30-year fixed rate was 7.24 percent for the week ending October 29, 2026, down from 7.32 percent the prior week and from 7.40 percent in early October. The 15-year fixed averaged 6.60 percent that same week.

To be clear, the decline is real but modest. It gives buyers back a little borrowing power from the early-October peak without returning to the high-6-percent territory of late summer. Here is the payment math in plain terms: on a $400,000, 30-year fixed loan at about 7.24 percent, principal and interest runs roughly $2,730 per month. At the 7.40 percent peak, the same loan ran about $2,770. That is roughly $45 a month less, or about $530 a year, for the same home, with property taxes and insurance on top. My mortgage rates explained guide walks through how these numbers shape your buying power.

What Do the Latest County-Level Numbers Show?

County medians come from different reporting windows, so here is exactly which month each figure covers. Burlington and Camden Counties both have September 2026 readings, while Gloucester's most recent county-wide median is Redfin's rolling figure for the three months ending in September. Here they are:

Data source: NJ Realtors Local Market Update and Redfin county market data as published by NJ Realtors and Redfin, verified November 5, 2026. Trackers do not always agree: Redfin's July 2026 Burlington reading came in at about $439,000, up 7 percent year over year, while the official September window reads lower. Official windows and rolling averages measure different things, so the source-consistent, month-to-month comparison is the one to trust. Actual prices vary widely by town, neighborhood, property condition, and home type.

One honest flag on Burlington: the $405,000 September median is the first down reading this series has published, after June's reading near $430,000. Medians are sensitive to what sells in a given month, and Burlington's sales mix skews, so one month does not make a trend. But it is real, it is recent, and it deserves a straight sentence rather than a spin.

How Much Inventory Is on the Market Right Now?

Inventory is the quiet engine of this market, and it keeps building. In Burlington County, active listings reached 869 homes in September 2026, up 7.3 percent from 810 a year earlier, with months of supply at 3.0, up from 2.7. Statewide, New Jersey Realtors counted 22,746 active listings in September, up 12.1 percent year over year, with single-family supply at about 3.1 months and the statewide median days on market at 39. The statewide median sale price was $550,000, up 3.8 percent from a year earlier.

Three months of supply is still a seller's-leaning market, but it is far more balanced than the two-month, low-inventory conditions of 2023 and 2024. For a deeper look at the county, see the Burlington County market report.

What Does All This Mean for Buyers?

Rates down, inventory up: those are the two things buyers have been waiting for, and both showed up in the October data. More listings are hitting the market than at any point since rates first jumped, which means more choices, fewer rushed decisions, and more room to negotiate. Sellers are more willing to talk about concessions, rate buydowns, and minor repairs than they were a year ago, particularly on homes that have been sitting past their first two weeks.

The honest trade-off: at 7.24 percent, the monthly payment is still substantially higher than it was in 2021, and the same budget buys less home than it did then. That makes getting pre-approved before you tour more important than ever, and it makes the town-by-town choice sharper. Camden and Gloucester prices are still climbing, while Burlington has given back a little ground at the county level, so where you buy matters more than when. My full look at whether now is a good time to buy walks through the readiness question, and learning how to read a market report helps you tell a real opportunity from a misleading headline.

What Does All This Mean for Sellers?

Prices are still up year over year in Camden and Gloucester Counties, and the best-condition, best-priced homes in popular towns still go under contract within days. But Burlington's September reading is a reminder that this is no longer a market where any listing sells itself. Buyers are payment-sensitive, choosier, and more willing to wait, and homes priced above their comparables are the ones sitting.

In plain terms: pricing accuracy matters more now than at any point in the past three years. A home priced right from day one, presented well, with the repairs buyers care about already handled, still commands strong attention. An overpriced listing costs you the first two weeks of a listing, which are almost always the most valuable. My data-driven look at the seller market covers this in more detail, and the fall 2026 outlook shows how the season is shaping up town by town.

Market Spotlight: Why Is Cinnaminson Holding Steady?

This month's spotlight falls on Cinnaminson, the Delaware River township in western Burlington County that keeps proving resilient. Redfin's most recent monthly reading puts the 08077 median at about $449,000, up 4.7 percent from a year earlier. Homes.com's different measurement window lands nearer $437,500, up about 1 percent. Both agree on the direction: steady, moderate appreciation without drama, even as the county-wide median pulled back.

Cinnaminson's appeal is the familiar river-town story: mature neighborhoods with a mix of mid-century colonials and newer construction, quick access to Routes 130 and 73 and the bridges into Northeast Philadelphia, and none of the premium price tag of Moorestown or Haddonfield. Demand here is steady rather than hot, which is exactly why the town holds its value when the broader market normalizes. Sellers who price to the street's recent sales still move quickly; buyers get more negotiating room than they would in a premium town.

For the fuller lifestyle picture, see the living in Cinnaminson guide, the Cinnaminson vs Delran comparison, and the dedicated Living in Cinnaminson site.

What Has Changed Since October's Snapshot?

Three things stand out since last month. First, mortgage rates moved from 7.40 percent in early October to 7.24 percent at the end of the month, the first meaningful step down after the September climb. Second, Burlington County's most recent official reading, September 2026, put the median at $405,000, down 2.4 percent year over year and below the June figures this series previously cited; it is the first county-level pullback we have tracked. Third, inventory keeps building: statewide listings were up 12.1 percent year over year in September, and several news reports this month put New Jersey's year-over-year inventory gain even higher by different counts.

None of this is a crash, and none of it is a frenzy. It is a market normalizing after an unusual stretch, with rates easing from a peak and supply slowly catching up to demand. For most buyers and sellers, that simply means preparation and pricing accuracy now decide the outcome more than luck. If you want the town-level read for your specific situation, I am always happy to run the numbers with you, no pressure and no obligation.

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County averages are a starting point, but your street, your price range, and your timeline are what actually matter. If you are thinking about buying or selling anywhere in South Jersey, I am happy to walk you through the latest data for your specific situation, with real comparables and honest advice. No pressure, no obligation.

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