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Saturday, September 7, 2024

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CMCo Tops State in Home Price Increases

Estate

By Vince Conti

NEW YORK – The Federal Reserve Bank of New York regularly maps year-to-year home price changes for the nation, as a whole, and by county for New Jersey and New York.  

In the most recent report, September 2021, the year-to-year increase in the county was 26%, topping all 21 New Jersey counties. The average for the nation is listed at 18%. 

The data shows that from spring 2021 forward, Cape May County had robust growth in year-over-year price increases each month. Ocean County had the second-highest increase at 24.5%. The counties surrounding New York City had the lowest year-to-year increases. 

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