Market Data by County

Data From: 04/21/25 - 05/18/25

NJ County	New Listings	Median Sale Price	Days On Market/YoY
BERGEN	230 (5%)	$757k (8%)	64 / -2
ESSEX	169 (4%)	$693k (9%)	28 / -2
PASSAIC	87 (-9%)	$579k (6%)	28 / -3
MORRIS	147 (-4%)	$711k (5%)	16 / +1
HUDSON	152 (-7%)	$728k (4%)	28 / -6

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

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MEMORIAL DAY

Remembering those who served!

New Listings Across Northern NJ

Inventory Improving

As mentioned last week, I noticed that more homes were coming to the market all at once. The confidence in the economy and stock market has grown, as opposed to all the craziness just a few weeks back. And just as expected, the latest report shows about 3% to 11% jump in new homes for sale.

Median Sale Prices

The data is also showing that homes in every NNJ county are selling for more than they have in the last 4 years are higher than they have been. I don't think that's a surprise to anyone. Expect this to continue throughout the year at a steady pace. If you'd like some tips on buying in this market, take a look at this article I wrote.

Questions on any real estate topic, reply to this email to reach out to me directly 973-715-8766

Comparing the U.S. Market to New Jersey

(year-over-year)

NEW JERSEY GOES POSITIVE !!

U.S. vs New Jersey	# of Homes For Sale	Median Sale Price
U.S.	1,882,415 (12.5%)	$438,357 (1.2%)
New Jersey	26,024 (3.1%)	$524,300 (6.9%)

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.