Market Data by County

Data From 04/08/24 - 05/05/24

NJ County	New Listings	Median Sale Price	Days On Market
BERGEN	227 (-1%)	$676k (12%)	68 / 0
ESSEX	160 (-5%)	$630k (10%)	28 / -5
PASSAIC	91 (6%)	$534k (11%)	34 / -9
MORRIS	137 (-4%)	$623k (16%)	15 / -1
HUDSON	150 (14%)	$661k (13%)	33 / -21

*ABOVE IS THE MOST RECENT YTD DATA FROM REDFIN

Northern NJ Market & Should you sell?

Active listings in our area are down by 8.75% compared to last year, and the median sale price is up 11%. Inventory continues to be an issue here in NJ, regardless of what's happening elsewhere.

The most notable changes from my previous report (see last week's email below) are that Essex County's median sale price went from $544,000 in early April to $630,000 now. Maybe that home that went for $436,000 more than asking had something to do with it?!

Hudson also saw a rise in sale price from $619,000 to $661,000 during the same time period.

These prices aren't going away, and rates aren't going to come down anytime soon. My advice is if you NEED to sell, then you couldn't pick a better time to do it. If you can hold off, then sit back and enjoy your low monthly and the roof over your head.

Should you need to sell to buy, and wondering if it's possible in this market, reply to this email and I will send you a guide I put together. It's worth knowing options to see if it makes sense or not.

>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

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

Save Thousands By Doing This Before You Buy

(not a bad idea to do it if you own either!)

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Prices of Jersey Shore homes have doubled in many towns since the pandemic.

HAPPY MOTHER'S DAY

Where to Have Mother's Day Brunch in Northern NJ - Mommy Poppins

Celebrate mom in style this year with an indulgent Mother's Day brunch prepared by someone other than mom at one of these great northern NJ restaurants.