High-end homes in North Jersey await price rebound
Tuesday, June 18, 2013 Last updated: Wednesday June 19, 2013, 12:19 AM
BY KATHLEEN LYNN AND DAVE SHEINGOLD
STAFF WRITERS
The Record
Home sales and prices are beginning to rebound in North Jersey, but what effect that will have on the still-sluggish higher end of the market – which slumped the most in 2012 – remains to be seen.
Prices of single-family homes in Bergen County rose 5.9 percent for the first five months of this year, to a median $413,000, while prices in Passaic County rose less than 1 percent, according to multiple listing services in both counties.
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