Market Data by County

(No Change) Data From 03/04/24 - 03/31/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	172 (-15%)	$685k (13%)	74 / -9
ESSEX	135 (-4%)	$566k (9%)	40 / -10
PASSAIC	74 (-6%)	$527k (10%)	42 / -14
MORRIS	104 (-6%)	$642k (16%)	16 / -5
HUDSON	115 (-15%)	$663k (10%)	49 / -22

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

INTEREST RATES AND INFLATION

Since the data above has not been updated, I want to talk again about what is going on with the rate cuts.

In order for rates to get cut, the Federal Reserve said they want to see the inflation rate hit 2%. Well, the numbers just came out and the inflation rate went up, as it did in January and February, to 3.8%. That's nearly double of what the Feds want it to be.

Based on the Feds own parameters, the inflation rate needs to drop nearly 1% in April and 1% in May for these promised cuts to occur. I hope it happens but it's not looking good. Check my YouTube channel and Facebook page later today to see a video I'll have uploaded on this.

> Click here for last week's email & market data <

All Northern NJ Homes For Sale!

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Today's Mortgage Rates

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.

Bergen County Just Listed

Right now there are only 33 NEW condo's and single family homes for sale in all of Bergen County. Be sure to look up "reduced" prices for better deals.

Bergen County, bordering New York City, offers a variety of communities, featuring thriving neighborhoods, excellent schools, and abundant recreational opportunities. Residents benefit from access to cultural amenities, shopping, and convenient transportation to NYC.

See Bergen County Homes Here

Abma's Farm Market in Bergen County

Abma's Farm Market, Greenhouse, and Barnyard Petting Zoo

My family and I visited this farm last weekend and it was a great time for all of us! My son (pictured above) got to feed a variety of animals and pet them. I was able to enjoy the desert and food section at the farmer's market and my wife had a nice time with our friends at the Tomasello Winery. Great time!