Bergen County

Bergen County fell sharply into a SELLER’S market with an absorption rate of under 4 – inventory is lower than normal. The days on the market is about the same as last month – normal market. The average sales price for the month is still lower than this time last year, but statuesque for the year.

For the year, home prices in Bergen County are up about 6% for single-family homes and dead even for condo/townhomes.

Passaic County

Home prices are down 16% over last year at this time and the number of days a home stays on the market slipped to 90 days as inventory remains in a low buyer's market.

For the year, home prices in Passaic County were down about 5%.

Essex County

The average selling price slipped about 5% from last month. The days on the market slips below a normal market and is lower than other Northern NJ counties. This is a sign that homes are being priced correctly in this county

For the year, home prices in Essex County are up about 5%.

Sussex County

Home prices are still in a double-digit decline of about 20% from last July. The days on the market took a leap back to triple digits – as it has for the last couple of years. The county is still in a strong buyer’s market.

For the year, home prices in Sussex County are down about 2% - a small improvement over last month

Click here to view detailed market stats.