North Jersey housing inventory rises as mortgage rates grow
North Jersey housing inventory rose across all six counties in September despite mortgage rates exceeding seven percent. Active listings and price cuts increased while median prices varied by county.
Insights:
North Jersey active housing listings rose across all six counties in September as mortgage rates climbed past 7%, according to data from Realtor.com.
The regional inventory expansion coincides with broader affordability pressures across the United States, where borrowing costs reached their highest levels in nearly two years.
