Market Data by County

Data From 04/22/24 - 05/19/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	229 (4%)	$699k (9%)	66 / -3
ESSEX	154 (-6%)	$641k (12%)	29 / 1
PASSAIC	101 (7%)	$538k (13%)	32 / -5
MORRIS	149 (7%)	$665k (15%)	14 / -2
HUDSON	157 (16%)	$695k (14%)	32 / -15

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

Median Sale Prices Keep Going Up

These numbers are mind-blowing as we are only looking at data from the end of April to mid-May. Hudson and Bergen County, as I mentioned would happen, will exceed the $700,000 MSP this year, as you can see above. I find it to be absolutely incredible that Essex County and Morris are at the mid-$600,000 range as well.

I've added a video below where I mention what's going on in the market in the US and NJ, please check it out!

In other news, the chance of a rate cut happening in June has been cut down to just 3.3%. There is no way the Federal Reserve will announce a cut at their next meeting because inflation is not "cooling" as they told us it was.

>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.	+12.8%	+6.1%
New Jersey	-2.2%	+12.5%

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.

All Northern NJ Homes For Sale!

Bergen County	Essex County	Passaic County
Morris County	Hudson County	Search All

The U.S. Market Hits An All-Time High, Is NJ Next?

US Housing Market Hits an All-time High, Is NJ Next?

US home sales post second straight monthly drop; house prices accelerate

U.S. existing home sales unexpectedly fell in April as higher mortgage rates and house prices weighed on demand, dealing another setback to the housing market.