Northern NJ Market News

Joseph Charles | NJ Realtor

 

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Merry Christmas, Happy Holidays, and a Happy New Year!

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Market Data by County

Data From: 11/17/25 - 12/14/25 *data same as last week

NJ

County

New

Listings

Median

Sale Price

*DOM/Days ChangedD

BERGEN

97 (-6%)

$72k (1%)

75 / 0

ESSEX

83 (-0%)

$729k (13%)

56 / -1

PASSAIC

45 (-13%)

$634k (11%)

68 / +1

MORRIS

57 (11%)

$663k (2%)

27 / -1

HUDSON

79 (0%)

$730k (11%)

58 / -5

ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN | *DOM = Days on Market

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Inflation Report Shows Good News

The latest inflation rate report, released on Dember 18, shows that it unexpectedly dropped to 2.7% in November, down from 3.0% the month prior. That's a significant drop, especially considering the consensus from the 'experts' was inflation was to remain the same, or tick up slightly.


For New Jersey real estate, this can be good news if inflation continues to drop. The value of the dollar is a big factor in higher home prices, outside of the lack of inventory.


Hopefully, 2026 maintains more positives as it is expected we see more homes for sale and lower interest rates. Though, I wouldn't expect rates that far away from the 6% range.


Hope You Are Enjoying The Day With Family and Friends!


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Comparing the U.S. Market to NJ

(year-over-year)

U.S. vs NJ

# of Homes For Sale

Median Sale Price

U.S.

1,882,281 (4.7%)

$433,275 (1.3%)

New Jersey

28,362 (7.5%)

$560,700 (5.8%)

Note: When the news reports on the real estate market, they’re referring to national data. New Jersey is very different from the rest of the country.

Today's Mortgage Rates : Daily Index

View today's current mortgage rates with our national average index, calculated daily to bring you the most accurate data when purchasing or refinancing your home. Follow our daily market analysis with Mortgage Rate Watch and we'll tell you where and why rates are moving.

Northern NJ Homes For Sale by County

Harvard economist says Trump inflation report leaves 'no other way to spin it' but good news

Harvard economist calls the latest inflation report "positive news" as the rate falls to 2.7%, surprising analysts who expected it to stay above 3%.

Merry Christmas and Happy Holiday's!

New Jersey's Most Festive Christmas Attractions: A Bucket List Guide (2025) - NJ Family

Whether you're looking for classic nostalgia or over-the-top decor, these Christmas attractions in New Jersey deserve a spot on your holiday bucket list.

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Actively Licensed in the State of NJ:

New Jersey Real Estate Commission (NJREC)

North Central Jersey Association of Realtors (NCJAR)

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670 Main Rd, Towaco, NJ 07082

office: 973-335-5700

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