Market Data by County

Data From 04/15/24 - 05/12/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	219 (2%)	$677k (11%)	67 / -3
ESSEX	152 (-1%)	$623k (8%)	32 / 3
PASSAIC	95 (13%)	$540k (15%)	32 / -10
MORRIS	134 (-3%)	$650k (16%)	14 / -2
HUDSON	149 (12%)	$672k (12%)	30 / -19

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

All But One County Is Over $600,000

With the exception of Passaic County, the median sale prices in every county have surpassed $600,000! However, it's worth noting that the inventory in Passaic County has risen by +7%, compared to last week, and +13% from last year. Even with the boost in inventory, homes sale prices are still rising. See last week's stats below.

In Northern NJ as a whole, it seems that inventory levels in every county are fluctuating above and below last year's numbers. It's as if the market is starting to realize we're stuck at this ~7% interest rate and home sale prices are just going to be like this for a while. Hopefully, we can attain the same rise in inventory that other parts of the country are enjoying.

>Click here for last week's email<

If you have any questions on a property or town in NJ,

reply to this email and I will send you the info.

Comparing the U.S. Market to New Jersey

U.S. vs New Jersey	Homes For Sale	Median Sale Price
U.S.	+4.5%	+4.7%
New Jersey	-11.1%	14.1%

Today's Mortgage Rates

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