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10 biggest boom and bust towns for real estate in N.J.

realestate_forsale_theridgewoodblog

Updated February 16, 2017
Posted February 14, 2017

Housing prices in New Jersey have suffered from the recession, and have yet to hit pre-recession levels. Most housing prices fell between the 2005-2009 Census and the 2011-2015 Census. To balance out those effects, NJ Advance Media looked at Zillow data comparing the 2012-2013 average home sale price with the 2014-2015 sale price.

https://www.nj.com/news/index.ssf/2017/02/the_10_biggest_real_estate_boom_and_bust_towns_in_nj.html?ath=9c46bfc08d76232bb5a5e00eeaf0bfa2#cmpid=nsltr_stryheadline

One thought on “10 biggest boom and bust towns for real estate in N.J.

  1. Well, Ridgewood home prices are DOWN -7.55% from avg $778K in 2005-2009 to $716K in 2011-2015. My property taxes are definitely not down 7.55% since 2009. So how does that work? Oh right, raise the mill rate on lower assessed values. What a joke.

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