Northwest Bergen Prices Bounce Halfway Back

Last year at this time, Wall Street was in crisis. September saw the failure of Lehman Brothers and the takeover of several large banks. As a result, October home prices were down 21% from a year earlier in northwest Bergen County. But since then prices have come back over halfway - the average price of a single family home is now down only 8.5% from October of 2007.

- Michael Shetler

source: NJMLS. Information deemed reliable but not guaranteed. October single-family home prices.