The 15 hottest real estate markets in N.J.

Real Estate

These markets are the crème de la crème of New Jersey real estate right now.

With housing prices rising while inventory is at a 20-year low, the housing market in the Garden State is ripe for a housing boom. And towns from Hudson to Monmouth are vying for a spot at the top.

Capturing the quick-moving real estate market with data is never easy, but this strategy aims to show the gist of the latest changes. Using the Zillow home value index — based on recent home sales — the list was narrowed to towns that have seen peak home values in the last two quarters.

Those towns were then ranked by the year-over-year change in median home value.

A number of towns fell off the list from this summer: Woodcliff Lake, Millburn, Glen Ridge, Montclair, Bay Head, Maplewood and South Orange.

Here are the towns that come out the hottest in the most recent real estate power rankings. 

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The 15 hottest real estate markets in N.J. are surging

 

 

By Erin Petenko | NJ Advance Media for NJ.com