How to save $3 million with the $100,000 downpayment for a house

New Jersey real estate sales are booming, and many are paying for their properties with down payments, even when the property is on the market.

The average home sold in the Garden State last year was worth $1.5 million, according to a report from real estate broker CBRE.

That was up 12.5 percent from 2016.

New Jersey’s median home price was $1,275,500.

The market is also heating up.

Home values are soaring as the Federal Reserve lowers interest rates and companies raise payrolls.

The average home price in the state jumped to $819,000 in the first quarter of 2017 from $821,500 in the same period last year, according a CBRE report.

The national average price of a home in 2017 was $6,946,900, according in the CBRE’s report.

It is the highest price in five years.

The median price in New Jersey was $3,732,900.

The National Association of Realtors, which represents real estate brokers, said in a statement that home prices in New York are surging.

“New York has more than doubled in value in the last five years, while in California and Florida they’ve stayed relatively flat, according an NAR report,” NAR President Mike Graziano said in the statement.

“We are seeing record-breaking growth in the national average home value, and more than 3 million homes are currently under construction in New Yorkers across the country.

We continue to see the demand for affordable housing growing and New Yorkers continue to demand quality, affordable housing,” Graziani said.