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New Jersey Home Prices Fall According To Report

bhhs-square-logoThe Star Ledger is out with a story looking at how home prices fell in 3 of 4 NJ metro areas tracked tracked by the National Association of Realtors at the end of the fourth quarter:

Data compiled by the NAR showed median home prices for a single-family home in the Newark-Union area fell 1.1 percent from the previous year to $357,000. They dropped more dramatically in the Trenton-Ewing (down 5.7 percent to $232,900) and Atlantic City (down 4.7 percent to $217,200) areas.

It will be something to watch to determine whether this trend continues through 2014.

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