I've been reporting recently that the bottom half of the market has been active but the top hadn't yet seen a recovery. The latest data suggests the entire market is doing better. Activity has increased across the board from last September, and prices are down only marginally. As the year has progressed the market has been slowly gaining steam. As long as interest rates stay below 6%, we should continue to see a stable market.
source: NJMLS. Information deemed reliable but not guaranteed. Single family homes in Bergen County.
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