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North Jersey Real-Estate Shifts Toward Buyer-Friendly Balance in November 2025

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  Published in House and Home on Thursday, December 11th 2025 at 5:07 GMT by NorthJersey.com

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North Jersey Real Estate Market: A November 2025 Snapshot

In a detailed market review released on December 11 2025 by The Record (NorthJersey.com), the North Jersey real‑estate scene is shown to have moved steadily toward a more buyer‑friendly balance than the high‑price, low‑inventory environment that dominated the early part of the year. While home sales dipped slightly from the robust November 2024 performance, the median price remains well above the 2023 average, and inventory levels have begun to climb, indicating a gradual cooling of the market. Below is a comprehensive summary of the article’s findings, the expert commentary it quotes, and the contextual data linked within.

1. Market Overview

The article begins by placing the November data in the broader North Jersey context. The state as a whole is still operating with a tight inventory—2.6 months of supply is only marginally higher than the 2024 figure but remains below the national average of 5.7 months. However, the increase is a positive sign for prospective sellers who have seen the market for months as being heavily tilted toward buyers.

2. County‑by‑County Highlights

Bergen County

• Sales: 4,700 units closed, a 6.8 % decline from last year.
• Median Price: $620,000, up 1.7 % year‑over‑year.
• Inventory: 1,200 homes listed, a 17 % increase from December 2024.

Bergen County continues to see a steady rise in the number of listings, which has helped soften the price growth curve. The article links to a Bergen County Real‑Estate Report (BCRER) that provides a deeper dive into neighborhood‑level data, revealing that the North Bergen and Fairview neighborhoods still hold the highest price growth, while the South Bergen area has seen the most significant increase in new listings.

Hudson County

• Sales: 3,100 units, a 10.2 % drop from the previous year.
• Median Price: $410,000, up 0.9 % from November 2024.
• Inventory: 1,050 homes listed, a 12 % rise.

Hudson County remains one of the more liquid markets in the region. The article links to a Hudson County Housing Affordability Study that outlines the impact of New Jersey’s “Green New Deal” housing incentives on local market dynamics.

Middlesex County

• Sales: 2,800 units, a 5.6 % decline.
• Median Price: $385,000, up 1.2 %.
• Inventory: 800 homes listed, a 9 % increase.

Middlesex County’s modest price gains are tempered by a slight contraction in sales volume. The article references a Middlesex County Real‑Estate Trends blog post that attributes the decline to a rise in interest rates that has begun to filter through the market.

3. The Role of Interest Rates

The article underscores the influence of the Federal Reserve’s recent rate hikes, which have nudged the prime mortgage rate to 5.7 % from 4.9 % in late 2024. Although the jump is modest, the article quotes Dana L. Miller, a senior analyst at the North Jersey Mortgage Association (NJMA), who notes:

“Even a 0.8 % increase in rates can reduce affordability for the average buyer by $18,000 on a $500,000 purchase. That’s why we’re seeing a more measured pace of sales in November.”

The NJMA’s linked Mortgage Market Update provides a detailed forecast of how rate trajectories are expected to affect the next six months. The forecast predicts that the market will continue to move toward equilibrium, with inventory levels slowly normalizing.

4. Inventory Trends & Supply Concerns

One of the most cited metrics in the article is the “months of supply” indicator. The article explains that an increase from 2.3 to 2.6 months of supply indicates a 13 % rise in inventory, a sign that new listings are beginning to outpace sales velocity. The linked North Jersey Housing Supply Report provides a comparative view, showing that other high‑cost states like New York and Connecticut have remained below 3 months of supply.

In addition, the article highlights that the Beverly Hills of New Jersey—a nickname for the upscale neighborhoods in the Bergen‑Hudson corridor—has seen an average of 8,000 new listings over the past two quarters, which the article cites as a factor contributing to the slight price stabilisation.

5. Expert Outlook

The article’s “Expert Insights” section pulls from a range of voices:

Carter’s remarks were contextualized with a link to a Carter & Sons Monthly Market Update that provides more granular data for the three most active zip codes.

6. What Buyers Should Know

The article includes a “Buyer’s Guide” segment, summarizing practical steps for those looking to purchase in a tight market:

1. Get pre‑approved early – With rate uncertainty, having a firm price range can help.
2. Consider emerging neighborhoods – Areas like South Orange and Montclair are seeing new inventory at a faster rate.
3. Explore first‑time‑homeowner programs – The article links to the New Jersey First‑Time Homebuyer Grant Program, which offers $5,000 in closing‑cost assistance.

7. What Sellers Should Consider

For sellers, the article suggests a more strategic approach:

• Staging and pricing – A 2‑3 % price reduction can bring a property back into the “hot” market bracket.
• Targeted marketing – Using data‑driven platforms to reach specific buyer demographics.

The article links to a Seller’s Marketing Guide from the North Jersey Realtors Association (NJRA), offering a free webinar on maximizing exposure.

8. Key Takeaways

1. Sales have slowed, but prices are holding – A small but consistent uptick in the median sales price indicates that the market remains healthy, albeit at a slower pace.
2. Inventory is gradually increasing – A 13 % rise in months of supply suggests that buyer‑sellers may soon experience a more balanced market.
3. Interest rates remain a central concern – Even modest rate hikes can dampen buyer demand, but rising wages may offset this effect.
4. Expert consensus points to equilibrium – Analysts predict a shift toward a more balanced market over the next year, with inventory catching up to demand.

9. Further Reading

The article links to several additional resources for those who wish to dig deeper:

• Bergen County Real‑Estate Report – Provides neighborhood‑level price trends.
• Hudson County Housing Affordability Study – An in‑depth look at the impact of state housing incentives.
• North Jersey Mortgage Association – Mortgage Market Update – Forecasts on rate changes.
• North Jersey Housing Supply Report – Comparative supply metrics across the state.
• Carter & Sons Monthly Market Update – Latest sales data by zip code.

These resources complement the article’s narrative and give readers both macro‑level insights and micro‑level data points.

10. Conclusion

The North Jersey real‑estate market in November 2025 shows a clear trend toward a more balanced buyer‑seller dynamic, with modest price growth, rising inventory, and a muted sales pace. While interest rates continue to loom large, the combined forces of a more ample inventory and increasing wages suggest that the market will settle into a healthy equilibrium over the next several months. Whether you’re a buyer, seller, or investor, the article offers actionable data and expert perspectives that can help guide your decisions in this evolving landscape.