By one measure, New Jersey’s residential market is robust, as rising sales are putting a dent in inventory. Yet the price tags on some luxury homes are giving buyers pause — and spurring competition among brokerages for those home-seekers who can afford the hefty sums.
“We feel the $2 million properties aren’t moving as fast,” said Soha Fontaine, the broker/owner of a new RE/MAX luxury residential property office in Hoboken. The city has 40 homes listed for $2 million or above, which she believes to be a record.