Market Data by County

Data From: 02/10/25 - 03/09/25

NJ County	New Listings	Median Sale Price	Days On Market/YoY
BERGEN	146 (-6%)	$710k (2%)	86 / 0
ESSEX	131 (4%)	$618k (10%)	51 / 7
PASSAIC	65 (-18%)	$534k (2%)	54 / 1
MORRIS	84 (-16%)	$621k (-4%)	35 / 13
HUDSON	127 (2%)	$665k (-4%)	58 / 0

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

Click here for last week's email

New Inflation Report & Rates

The latest Consumer Price Index (CPI) report showed annual inflation dropped to 2.8% in February, down from 3% in January, slightly improving expert expectations. This cooling of inflation is raising hopes that the Federal Reserve may consider another interest rate reduction, though they will likely need to see inflation continue to cool toward their 2% target before acting. While this is an improvement, it still may not be enough for a significant policy shift just yet. Meanwhile, the yield on the 10-year Treasury note rose by 0.3%, after trading below 4.2% last week. This rise in the yield directly impacts borrowing costs, including for mortgages.

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

Rate Comparisons for a 30-year Fixed

Source	Last Week's Rate (%)	Today's Rate (%)	Difference (%)
Chase	6.84	6.72	-0.12
Navy Federal Credit Union	6.00	6.00	0.00
PNC Bank	6.72	6.67	-0.05
Bankrate	6.86	6.84	-0.02
Freddie Mac	6.61	6.57	-0.04
Mortgage Research Center	6.75	6.73	-0.02

Comparing the U.S. Market to New Jersey

U.S. vs New Jersey	# of Homes For Sale	Median Sale Price
U.S.	1,609,843 (10.0%)	$425,061 (3.1%)
New Jersey	21,853 (-1.6%)	$520,800 (9.3%)

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.

Northern NJ Homes For Sale by County

Bergen County	Essex County	Passaic County
Morris County	Hudson County	Union County

Exclusive | NJ offers NY companies grants to allow NJ-based employees to work in Garden State - and avoid congestion toll

Garden State Gov. Phil Murphy is launching billboard ads to promote a $20 million program that will compensate New York-based firms that allow their commuting employees to work in New Jersey -- and avoid the hated new $9 congestion toll.

Where To Celebrate St. Patrick's Day This Weekend

Here are North Jersey's St. Patrick's Day events for 2025

The celebrations, which honor Saint Patrick, who lived in the fifth century and is the patron saint of Ireland, kick off March 1.

Your Real Estate Concierge | Buy & Sell Homes In NJ | Joseph D Charles - Prominent Properties Sotheby's International Realty

Looking to buy, sell or invest in a home or property in Northern NJ? I provide concierge-style real estate service, offering expert guidance, data-driven insights, and worry free experience. Isn't that what you would expect from a real estate agent?