Market Data by County

Data From: 01/06/25 - 02/02/25

NJ County	New Listings	Median Sale Price	Days On Market/YoY
BERGEN	124 (-8%)	$761k (19%)	84 / 6
ESSEX	110 (-9%)	$626k (12%)	41 / -6
PASSAIC	54 (-9%)	$613k (20%)	42 / -6
MORRIS	70 (3%)	$658k (11%)	26 / -1
HUDSON	112 (9%)	$689k (7%)	53 / 5

*ABOVE IS THE MOST RECENT Year-Over-Year DATA FROM REDFIN

Click here for last week's email

Super Bowl and the Spring Market

Housing Market & the Super Bowl

Many in New Jersey believe the Spring market kicks off right after the Super Bowl. Historically, buyer activity and new listings start increasing around this time, with families looking to move before summer. Low inventory and strong demand often lead to multiple offers, making it a key time for both buyers and sellers... Read more

How Many Times Did Mortgage Rates Fall Below 3.5%?

In the last 100 years, mortgage rates have dropped below 3.5% only once. Some buyers are waiting, hoping to buy at those rates or refinance into them later. While refinancing is always a great option, and I do believe we’ll see rates below 5% again, history shows that anything in the low 3s is unlikely. If you can afford to buy now, you’ll be building equity while others wait for something that may never happen. Read more here

If you have any questions about the market in your area, feel free to reply to this email or call me.

Comparing the U.S. Market to New Jersey

U.S. vs New Jersey	# of Homes For Sale	Median Sale Price
U.S.	1,536,221 (12.2%)	$427,388 (6.1%)
New Jersey	22,028 (6.0%)	$533,400 (9.9%)

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.