Building Demand ; North Jersey Home Prices Keep Rising

Summary


If there's a bubble in house prices, it hasn't burst yet.

House prices jumped 18.1 percent in Bergen and Passaic counties in the 12 months ended March 31, the National Association of Realtors said Thursday. The median sale price for an existing single- family home in the area is now $448,100.

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Building Demand ; North Jersey Home Prices Keep Rising

The Newark area, which includes Morris County, was up 13.6 percent, to a median of $379,700. In the overall New York metropolitan area, p...

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