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The Federal Reserve According to the CME FedWatch tool, there is an 87% chance the Feds will cut rates next week. However, it is not likely this will have a direct impact on lowering mortgage interest rates.
Bergen County
New listings dipped again and are now below 2022 levels, which is the lowest it's been since. Median sale prices keep rising.
Essex County
Prices are flying high still. New listings fall 7% from last week as the median sale prices rises another 3%. Another $13,000 increase!
Passaic County
New listings drop below 2024 levels for the second week, having been up two weeks ago by 4%. Median Sale prices remain flat at $629,000 - expensive for this county.
Morris County
New listings fell 4% from last year, going to the lowest since 2022! Meanwhile, prices drop below 2024 levels by -2%.
Hudson County
The median sale price continue to rise as well as new listings.
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