By Mike Lentz | The Mike Lentz Team – Keller Williams Realty
No. Our February 2026 data shows median prices holding steady or rising across Gloucester, Camden, and Burlington counties. Nationally, experts forecast continued moderate growth through 2030. The headlines don’t match the reality on the ground here.
Don’t Let Home Prices Headlines Fool You
If you spend five minutes scrolling housing news, you’ll see headlines about falling home prices. Some social media influencers are even claiming we’re headed for a crash. But here in South Jersey, the numbers tell a completely different story.
We track the data for Gloucester, Camden, Burlington, Salem, and Cumberland counties every month. And what we’re seeing right now isn’t a crash. It’s a market that’s normalizing after years of pandemic-fueled growth — and one where prices are actually holding firm.
What the South Jersey Numbers Actually Show
Let’s start with what matters most: your local market. Here’s what our February 2026 county market recaps show.
In Gloucester County, the median sales price held steady at $360,000 — matching last February exactly. Active inventory rose 17.4% to 569 homes, giving buyers better selection. But 40.8% of homes still sold over list price. That’s not a crashing market. That’s a market that’s finding a healthier balance.
Over in Camden County, prices actually increased. The median rose 3.5% year-over-year to $352,000. Homes are taking a bit longer to sell — 25 days compared to 18 last year — which gives buyers more breathing room. But appreciation is still positive.
And in Burlington County, the median held near $372,500, essentially flat from $375,000 last February. Inventory grew 14.6% to 747 homes, but over 40% of properties still closed above asking price.
The pattern across all three counties is the same: prices are stable or rising, inventory is improving, and homes are still selling — just at a more measured pace than the frenzy of 2021-2022.
Yes, Transaction Volume Is Down. That’s Not the Same as a Crash.
If there’s one number the headlines love to grab, it’s closed sales. And yes, those are down. Gloucester County saw a 19.3% decline. Burlington dropped 23%. Camden was more modest at 5.2%.
But fewer transactions don’t mean falling prices. What they mean is that higher mortgage rates have slowed the pace of buying. Some sellers are staying put because they locked in low rates during 2020-2021. That’s keeping inventory tight and supporting prices even as fewer homes change hands.
Think of it this way: a neighborhood where homes sell for the same price but fewer of them trade isn’t “crashing.” It’s just quieter.
The National Picture Backs This Up
Nationally, the data confirms what we’re seeing locally. About half of the largest metros show prices rising, while the other half show minor declines. Take a look at this data from ResiClub and Zillow:
Online chatter focuses only on the markets where prices dropped. That creates a distorted picture. The graph shows both sides — and the full picture looks very different from the doom-and-gloom narrative.
According to Redfin, national home prices rose about 1% year-over-year in February. Not explosive growth, but growth. The market is normalizing, not collapsing.
What the Experts Are Forecasting
Fannie Mae recently surveyed over 100 housing market experts. Their consensus: prices will keep rising nationally over the next five years.
The growth will be moderate — especially this year — but the trend is clear. Prices are forecast to rise every year through at least 2030. Daryl Fairweather, Chief Economist at Redfin, puts it plainly:
“House prices aren’t going to fall on a national scale any time soon – and that’s actually a good thing. It’s normal for house prices to rise gradually over time.”
Even in areas with slight price declines right now, 85% of the experts surveyed say those markets will return to positive growth before 2027 ends.
What This Means If You’re Buying or Selling in South Jersey
The South Jersey market isn’t behaving like the scare headlines suggest. Here’s what the data actually tells us:
If you’re a buyer: You have more options than you did a year ago. Inventory is up across all our counties, and bidding wars have cooled. In Camden County, the percentage of homes selling over list price dropped from 47.9% to 38.6%. That’s meaningful negotiating room. But prices aren’t falling — so waiting for a “crash” that isn’t coming could mean paying more later.
If you’re a seller: Your home’s value hasn’t dropped. In Gloucester County, the median held at $360,000. In Camden County, it went up. Homes are taking a bit longer to sell, so pricing strategy matters more now than it did during the frenzy. Well-priced homes in Washington Township, Cherry Hill, Voorhees, and Mount Laurel are still moving — many above asking.
If you’re on the fence: The data from our own backyard shows this is a healthy correction, not a collapse. South Jersey homeowners have an average of $313,000 in equity. That’s a strong position to be in regardless of what the national headlines say.
Bottom Line
Don’t let national headlines make your local decisions. The South Jersey housing market is stable, with prices holding or growing across Gloucester, Camden, and Burlington counties.
The market isn’t crashing. It’s adjusting to a more sustainable pace — and honestly, that’s a good thing for both buyers and sellers.
Want to know exactly what’s happening in your neighborhood? Let’s connect and look at the numbers together.
