These NJ real estate markets are sizzling hot right now
Posted: Feb 11, 2019The New York suburbs? So hot right now.
Hudson County experienced surging growth as millennials spread out of the saturated New York City housing market. Its home values increased 10 percent in the last year, according to Zillow data from December 2018.
New Jersey saw weak growth of 5.9 percent on home values, below the national average of 7.6 percent. But its median home value is still eighth in the nation.
Shore towns, booming post-Sandy, and the suburbs around Camden also fared well this year. But a number of towns fell off the list, including Fair Haven and Bradley Beach.
Source: Zillow’s home value index for December 2018. One location, Princeton Junction, was taken off the list because it was not an official municipality.