Glen Rock Places Number 12
Posted August 24, 2017 at 08:12 AM | Updated August 24, 2017 at 09:58 AM
Stephen Stirling | NJ Advance Media for NJ.com
NJ Advance Media is launching a feature this week dubbed the New Jersey Real Estate Power Rankings.
Every three months, we will rank the top 15 real estate markets and chart how they’ve changed amid what is a fairly volatile and fractured real estate market in the Garden State.
Our methodology is fairly simple. Each quarter, we take stock of all the towns in the state that are seeing their median valuation peak during the most recent two quarters. We’re using real-estate tracking website Zillow’s Home Value Index for our analysis (methodology here).
From there, we rank the towns based on what percent their median value has increased over the last year. The rankings will also include a statistic, located on the top right of each town’s stat sheet, that indicates how its place rose or fell since the last ranking.
We used our previous rankings as a baseline.