New Jersey's residential real estate market has shifted, with buyers becoming stronger negotiators despite previous challenges. A study reveals that New Jersey ranks fourth nationally for average savings through negotiation, with buyers saving an average of $19,634, nearly 4% off the final purchase price. Over half of homebuyers (54%) walked away from deals when sellers wouldn't negotiate. Additionally, there is a pressing need for affordable housing in various municipalities, as identified by the Department of Community Affairs.
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