In North Jersey, the median home price rose 2.7% to $570,000, while median days on market dropped from 60 to 38, signaling faster sales. Higher mortgage rates around 6.37% reduce competition, offering buyers a calmer market now. Essex and Morris counties remain hot, with sellers getting over 105% of asking price. Townhouses and condos see increased inventory and better buyer negotiations. 55+ communities have cooled, with longer market times and prices below asking.