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