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Bergen and Essex counties seem to still be selling strongly in this market. As I've mentioned in the last two weeks, the real estate market has noticeably shifted since the summer ended and the Federal Reserve cut interest rates. I anticipate we will see another change shortly after the Presidential Election is announced, but that's another topic. Hudson County hasn't made much of a change in sale prices since last week's 1% decline. Meanwhile, Passaic County has experienced a significant inventory drop, which I find surprising this early in the season. Typically, all counties see their major inventory decreases at the end of October and early November.
I'd love to hear your thoughts, message me anytime!
If you have any questions about the market in your area, feel free to reply to this email.
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