What to Watch Right Now
The key data releases, market developments, and local events shaping Northern NJ real estate strategy — updated as things move.
Last updated: August 27, 2026 — PMMS reading due today (Thursday Aug 27), Dave Matthews Band at bergenPAC tonight, Saborland Food Festival Aug 28-30, World Flavor Fest in Jersey City Aug 29, Busterstock in Paramus Aug 29, Mahwah Food Truck Festival Aug 30, back-to-school prep in final stretch, Bergen County Fall Harvest Festival Sep 19-20 at Overpeck County Park, Leonia Oktoberfest Sep 26, Baron's Oktoberfest at Historic New Bridge Landing Sep 26.
Nine developments worth tracking right now — whether you're selling in Bergen County, buying in South Florida, or timing a NJ-to-FL move. Here's the short version on each.
Market Update — August 27, 2026
Latest1. PMMS Update Due Today — 30-Year Fixed Expected to Hold Near 6.65%
Freddie Mac's Primary Mortgage Market Survey comes out this morning (Thursday August 27) — the final reading before the Labor Day holiday next week. The August 20 reading showed the 30-year fixed-rate mortgage averaging 6.65%, down 2 basis points from 6.67%. The 15-year fixed stands at 5.88-5.95%. Mortgage News Daily data shows the 30-year fixed rate at approximately 6.70% as of earlier this week. Bankrate New Jersey purchase rates remain in the 6.60-6.82% range. Rates have settled in a narrow band in the mid-to-upper sixes through August, and the market is watching for any signal to break lower as the fall buying season approaches. For Bergen and Hudson County buyers, locking now locks in certainty at the lowest rate we have seen in several weeks. For sellers, this rate environment keeps the buyer pool selective — accurate first-day pricing remains the single most important factor in a successful sale.
2. Tonight — Dave Matthews Band at bergenPAC in Englewood
Thursday August 27, 5 p.m.: Dave Matthews Band performs at the Bergen Performing Arts Center in Englewood — one of the biggest concert events at Bergen County's premier venue this summer. With the summer concert season winding down, this is a must-see for music fans. bergenPAC consistently draws top-tier national acts, and Dave Matthews Band is a perfect end-of-summer show. Tickets still available through the bergenPAC box office.
3. This Weekend's Events: August 28-30
The final weekend of August is one of the busiest of the year across both counties. Friday August 28: Will Wood and the Tapeworms at Debonair Music Hall in Teaneck (7 p.m.). August 28-30: The Saborland Food Festival at American Dream in East Rutherford — a weekend of Latin food, music, and culture with dozens of vendors and live entertainment. Free admission, pay-as-you-go food. Saturday August 29: World Flavor Fest at Harborside Atrium in Jersey City (12-6 p.m.) — a celebration of global cuisine, live music, and cultural performances along the waterfront. Saturday August 29: Busterstock in Paramus — a free community event with live music, food trucks, and family activities. Sunday August 30: Mahwah Annual Food Truck Festival and Car Show at Mahwah Town Hall (11 a.m.-5 p.m.). Fort Lee Farmers Market runs every Sunday 8 a.m.-2 p.m. with peak-season Jersey produce. Farmers markets in Englewood (Fridays), Teaneck (Thursdays), Ridgewood (Sundays), and Jersey City (Mondays & Thursdays) continue through the fall season.
4. Bergen County Market — End of August Snapshot
The Greater Bergen REALTORS June 2026 report remains the latest official data, showing single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). Zillow's broader measure shows Bergen County's median home value at approximately $946,000 as of June, up 7.3% year-over-year. Inventory stands at 2,103 active listings as of August 1 — the highest in several years. Months-of-supply at 1.4-1.7 months remains firmly in seller's market territory. Days on market averages 28 days for sold properties. New listings rose 8.3% year-over-year. The July data from NJ REALTORS is expected to post in the coming week as we cross into September — I will update here the moment it lands. A PMMS reading below 6.60% today would be a meaningful signal for buyer sentiment entering the fall season.
5. Upcoming September Events — What to Plan For
The community calendar for September is already taking shape. September 4-7: The 111th Annual St. Joseph's Festival in Lodi — one of Bergen County's longest-running Italian feasts over Labor Day weekend. September 8: Ladies' Health Event at the Richard Rodda Center in Teaneck (7-8 p.m.). September 10-13: The 100th Annual Hoboken Italian Festival on Sinatra Drive — a centennial celebration with parades, live music, and Italian cuisine. September 11: JC Fridays (Fall Edition) — free arts festival across Jersey City neighborhoods. September 12: Fort Lee Artisan Market returns. September 12: Hillsdale Fall Festival. September 12: Hudson West Folk Fest in Jersey City. September 14-27: Fort Lee Restaurant Week. September 18-20: St. Anne's Parish Carnival and Food Fair in Fair Lawn. September 19-20: Bergen County Fall Harvest Festival at Overpeck County Park in Ridgefield Park with 4-H displays, craft fair, and carnival rides. September 19: All About Downtown Street Fair in Jersey City (12-8 p.m., Newark Avenue between Grove and Coles Streets, 15th annual edition). September 19: Kenny G at bergenPAC in Englewood. September 20: Ridgewood Fall Craft Street Fair. September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition. September 26: The Baron's Oktoberfest at Historic New Bridge Landing in River Edge (1-6 p.m.) — historical celebration with colonial-era demonstrations and craft beer. September 26: River City Fair in Hoboken on Sinatra Drive (11 a.m.-5 p.m.).
6. Florida Amendment 3 — Revised Ballot Language Under Judicial Review, 63% Voter Support
Following the August 4 ruling that the original ballot language was defective, Florida Attorney General Uthmeier submitted revised language on August 14 with a new title: "Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments." The revised language remains under judicial review. A poll from around August 20 showed 63% voter support, above the 60% threshold needed for passage on November 3. State economists project $5 billion in local revenue losses by 2027 and $10.75 billion by 2031 if it passes. The expanded homestead exemption to $250,000 remains the single most significant financial incentive for NJ homeowners considering a Florida move, and the January 1, 2027 residency deadline for full benefit eligibility keeps drawing closer.
7. Back-to-School — Final Registration Push Underway
With Labor Day on September 7, Bergen County school districts are in the final stretch. Teacher prep days start the week of August 31, with the first student day for most districts scheduled for September 8 or 9. Families who moved over the summer should ensure registrations are complete. The Bergen County Academies application cycle is open with informational sessions ongoing. For the full schedule, see our back-to-school guide. For district comparisons, read our guide to Bergen County's best schools.
Scott Selleck's Take
The final weekend of August is here and it might be the busiest of the entire summer. Dave Matthews Band at bergenPAC tonight, the Saborland Food Festival at American Dream all weekend, World Flavor Fest in Jersey City on Saturday, Busterstock in Paramus, and the Mahwah Food Truck Festival on Sunday. On the market side, the PMMS reading comes out today and we are watching closely. Rates have been sitting at 6.65% for two weeks now, and a dip below 6.60% would be a meaningful signal for the fall buying season. Inventory at 2,100+ active listings in Bergen County continues to give buyers real choice. The Florida Amendment 3 news: 63% voter support, revised ballot language under review, and the January 1, 2027 deadline keeps ticking. If your plans involve buying, selling, or a NJ-to-FL transition, the data supports informed planning right now. Book your free discovery call and let's look at your numbers together.
Freddie Mac's Primary Mortgage Market Survey released Thursday August 20 showed the 30-year fixed-rate mortgage averaging 6.65%, down 2 basis points from 6.67% the prior week. The 15-year fixed stands at 5.88-5.95% depending on the lender. Mortgage News Daily data shows the 30-year fixed rate at approximately 6.70% on August 20. Bankrate New Jersey purchase rates remain in the 6.60-6.82% range. Rates have settled in a narrow band in the mid-to-upper sixes with a slight softening this week. The next PMMS reading comes Thursday August 27 as we head into the Labor Day holiday period. For Bergen and Hudson County buyers, locking now locks in certainty at a slightly better rate than last week. For sellers, this rate environment keeps the buyer pool selective, making accurate first-day pricing non-negotiable.
2. Weekend Wrap-Up — Summer BlockFest, JC Pride, Outdoor Mega Workout Were a Blast
This past Saturday August 22 was one of the busiest community days of the summer. Summer BlockFest in Hoboken drew thousands to the 4th annual hip-hop festival at 770 Jackson Street, with live music, food trucks, and community activities. The Jersey City Pride Festival centered around the Newark Avenue Pedestrian Plaza was a huge success — one of the largest Pride celebrations in the Northeast, featuring a main stage, DJs, drag performances, a vendor village, and family-friendly programming. And the Outdoor Mega Workout at Mackay Park in Englewood brought the community together for a free fitness event at 10:30 a.m. A reminder of what makes Northern NJ special: three major free events, all on the same day, all welcoming to everyone.
3. Tonight — Fort Lee Summer Concert Series Finale with New Power Soul
Tonight, Tuesday August 25: The Fort Lee Summer Concert Series wraps for the season with New Power Soul at the Jack Alter Community Center (7:30 p.m., free). This is the finale of a beloved summer tradition — great music, community atmosphere, and the perfect way to mark the end of summer in Bergen County. The Fort Lee Farmers Market runs every Sunday 8 a.m.-2 p.m. Farmers markets in Englewood (Fridays), Teaneck (Thursdays), Ridgewood (Sundays), and Jersey City (Mondays & Thursdays) continue through the fall.
4. This Week's Events: August 25-30
The calendar stays full through the end of August. Tonight, Tuesday August 25: Fort Lee Summer Concert Series wraps for the season with New Power Soul (7:30 p.m., free at the Jack Alter Community Center). Thursday August 27: Dave Matthews Band at the Bergen Performing Arts Center in Englewood (5 p.m.) — a major concert at one of Bergen County's premier venues. Friday August 28: Will Wood and the Tapeworms at Debonair Music Hall in Teaneck (7 p.m.). August 28-30: The Saborland Food Festival at American Dream in East Rutherford — a weekend of Latin food, music, and culture featuring vendors from across the region. Saturday August 29: World Flavor Fest at Harborside Atrium in Jersey City (12-6 p.m.) — a celebration of global cuisine, live music, and cultural performances along the waterfront. Sunday August 30: Mahwah Annual Food Truck Festival and Car Show at Mahwah Town Hall (11 a.m.-5 p.m.). Fort Lee Farmers Market runs every Sunday. Hoboken Concerts in the Park series continues at Pier A Park.
5. Bergen County Market — Late August Snapshot
The Greater Bergen REALTORS June 2026 report remains the latest official data, showing single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). Zillow's broader measure shows Bergen County's median home value at approximately $946,000 as of June, up 7.3% year-over-year. Inventory stands at 2,103 active listings as of August 1 — the highest in several years, giving buyers more selection than at any point in the last two years. Months-of-supply at 1.4-1.7 months remains firmly in seller's market territory. Days on market averages 28 days for sold properties, with well-priced homes in the $500K-$900K range still drawing the strongest buyer interest. New listings rose 8.3% year-over-year. The July data from NJ REALTORS should post soon and I will update here when it does. With the slight dip to 6.65%, buyer sentiment may improve entering the fall season.
6. Events on the Horizon: September Preview
Looking ahead into September, the community calendar remains packed. September 4-7: The 111th Annual St. Joseph's Festival in Lodi — one of Bergen County's longest-running Italian feasts with live music, food, games, and rides over Labor Day weekend. September 8: Ladies' Health Event at the Richard Rodda Center in Teaneck (7-8 p.m.). September 10-13: The 100th Annual Hoboken Italian Festival on Sinatra Drive along the waterfront — a centennial celebration not to be missed, with parades, live music, and world-class Italian cuisine. September 11: JC Fridays (Fall Edition) — a free arts festival across Jersey City neighborhoods. September 12: Fort Lee Artisan Market returns. September 12: Hillsdale Fall Festival with local artisans, live music, and seasonal activities. September 12: Hudson West Folk Fest in Jersey City with live folk and acoustic performances. September 14-27: Fort Lee Restaurant Week — two weeks of special menus at the borough's best restaurants. September 18-20: St. Anne's Parish Carnival and Food Fair in Fair Lawn (food trucks, beer garden). September 18-20: Bergen County Fall Harvest Festival at Overpeck County Park in Ridgefield Park with 4-H displays, craft fair, carnival rides, and seasonal food. September 19: All About Downtown Street Fair in Jersey City (12-8 p.m., Newark Avenue between Grove and Coles Streets, 15th annual edition). September 19: Kenny G at bergenPAC in Englewood. September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition. September 26: River City Fair in Hoboken on Sinatra Drive (11 a.m.-5 p.m.).
7. Florida Amendment 3 — Ballot Language Revised, 63% Voter Support, On Track for November
Major developments on Florida Amendment 3 since my last update. On August 4, a Leon County circuit judge ruled that the original ballot title and summary language were "clearly and conclusively defective" and ordered the Attorney General to rewrite them. On August 14, Attorney General James Uthmeier submitted revised ballot language with a new title: "Increased Homestead Exemption; Lower Cap on Increases in Non-Homestead Property Assessments." The revised language was submitted for judicial review, and the amendment remains on the November 3, 2026 ballot. A poll from around August 20 showed 63% voter support, suggesting strong momentum toward the 60% threshold needed for passage. State economists project $5 billion in local revenue losses by 2027 and $10.75 billion by 2031 if Amendment 3 passes. The expansion of the homestead exemption to $250,000 remains the single most significant financial incentive for NJ homeowners considering a Florida move, and the January 1, 2027 residency deadline for full benefit eligibility keeps drawing closer. I will keep updating as the judicial review process continues.
8. New Restaurants and Businesses Opening Across Northern NJ
Exciting additions to the local dining scene. In Fort Lee, Sikgam (Korean dining, 1638 Schlosser Street) and BHC Chicken (Korean fried chicken, 240 Main Street) both opened this year, joining Auri (all-day cafe at 2020 Central Road). In Edgewater, COV on the waterfront (115 River Road) brings seafood and pasta with NYC skyline views — opened this summer. In Teaneck, Middle Feast (modern Kosher Israeli shawarma+) on West Englewood Avenue and Versalles Bakery & Restaurant (artisan bakery and Colombian coffee) at 1213 Teaneck Road both opened this year. In Leonia, Snackstop on Broad Avenue is a new breakfast and sandwich spot, and WOLF IT on Broad Avenue offers salads and sandwiches. These are the kinds of local businesses that make each town unique — and I spotlight them regularly in our Local Business Spotlight.
Scott Selleck's Take
What a weekend. Summer BlockFest in Hoboken, the Jersey City Pride Festival, and the Outdoor Mega Workout in Englewood all on Saturday — three major free community events that encapsulate what makes Northern NJ special. Tonight is the Fort Lee Summer Concert Series finale with New Power Soul, and we have Dave Matthews Band at bergenPAC on Thursday, the Saborland Food Festival Aug 28-30 at American Dream, and World Flavor Fest in Jersey City on Saturday. On the market side, rates are holding at 6.65% after last week's two-basis-point dip, and 2,100+ active listings in Bergen County give buyers real choice entering the fall season. The big news on Florida Amendment 3: the judge ruled the original ballot language defective, revised language was submitted, and the amendment has 63% voter support heading toward November. This directly affects the financial calculations for any NJ homeowner considering a Florida move. The January 1, 2027 residency deadline keeps ticking. If your plans involve buying, selling, or a NJ-to-FL transition, the data supports informed planning. Book your free discovery call and let's look at your numbers together.
Market Update — August 21, 2026
Recent1. PMMS Update — 30-Year Fixed at 6.65% (August 20 Reading)
Freddie Mac's Primary Mortgage Market Survey released yesterday, Thursday August 20, showed the 30-year fixed-rate mortgage averaging 6.65%, down 2 basis points from 6.67% the prior week. The 15-year fixed stands at 5.88-5.95% depending on the lender. Mortgage News Daily data shows the 30-year fixed rate at approximately 6.70% on August 20. Bankrate New Jersey purchase rates remain in the 6.60-6.82% range. The pattern continues: rates have settled in a narrow band in the mid-to-upper sixes with a slight softening this week. The next PMMS reading comes Thursday August 27 as we head into the Labor Day holiday period. For Bergen and Hudson County buyers, locking now locks in certainty at a slightly better rate than last week. For sellers, this rate environment keeps the buyer pool selective, making accurate first-day pricing non-negotiable.
2. This Weekend's Events: August 21-23
The late-summer calendar peaks this weekend with three major events across both counties. Saturday August 22: Summer BlockFest in Hoboken (4th annual hip-hop festival at 770 Jackson Street, 12-8 p.m., rain date August 29) — live music, food trucks, artisanal vendors, and community activities. Also Saturday: the Jersey City Pride Festival centered around the Newark Avenue Pedestrian Plaza — one of the largest Pride celebrations in the Northeast, featuring a main stage, DJs, drag performances, vendor village, and family-friendly programming from late morning through evening. Also Saturday: Outdoor Mega Workout at Mackay Park in Englewood (10:30 a.m., free) — a community fitness event open to all levels. Sunday August 23: Fort Lee Farmers Market (8 a.m.-2 p.m.) with peak-season Jersey tomatoes, corn, peaches, and stone fruit. Farmers markets in Ridgewood (Sundays) and Cliffside Park (Sundays) are also running. Hoboken Concerts in the Park series continues at Pier A Park. All free and open to the community.
3. Upcoming This Week: Events August 24-30
The calendar stays full through the end of August. Tuesday August 25: Fort Lee Summer Concert Series wraps for the season with New Power Soul at the Jack Alter Community Center (7:30 p.m., free) — the finale of a beloved summer tradition. Thursday August 27: Dave Matthews Band at the Bergen Performing Arts Center in Englewood (5 p.m.) — a major concert at one of Bergen County's premier venues. August 28-30: The Saborland Food Festival at American Dream in East Rutherford — a weekend of food, music, and culture featuring vendors from across the region. Friday August 28: Will Wood and the Tapeworms at Debonair Music Hall in Teaneck (7 p.m.). Saturday August 29: World Flavor Fest at Harborside Atrium in Jersey City — a celebration of global cuisine, live music, and cultural performances along the waterfront. Fort Lee Farmers Market runs every Sunday 8 a.m.-2 p.m. Farmers markets in Englewood (Fridays), Teaneck (Thursdays), Ridgewood (Sundays), and Jersey City (Mondays & Thursdays) are all in full swing.
4. Bergen County Market — Late August Snapshot
The Greater Bergen REALTORS June 2026 report remains the latest official data, showing single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). Zillow's broader measure shows Bergen County's median home value at approximately $946,000 as of June, up 7.3% year-over-year. Inventory stands at 2,103 active listings as of August 1 — the highest in several years, giving buyers more selection than at any point in the last two years. Months-of-supply at 1.4-1.7 months remains firmly in seller's market territory. Days on market averages 28 days for sold properties, with well-priced homes in the $500K-$900K range still drawing the strongest buyer interest. New listings rose 8.3% year-over-year. The July data from NJ REALTORS should post soon and I will update here when it does. With rates dipping slightly to 6.65%, buyer sentiment may improve heading into the fall season.
5. Events on the Horizon: September Preview
Looking ahead into September, the community calendar remains packed. September 4-7: The 111th Annual St. Joseph's Festival in Lodi — one of Bergen County's longest-running Italian feasts with live music, food, games, and rides over Labor Day weekend. September 8: Ladies' Health Event at the Richard Rodda Center in Teaneck (7-8 p.m.). September 10-13: The 100th Annual Hoboken Italian Festival on Sinatra Drive along the waterfront — a centennial celebration not to be missed, with parades, live music, and world-class Italian cuisine. September 11-13: St. Anne's Parish Carnival and Food Fair in Fair Lawn. September 12: Fort Lee Artisan Market returns. September 12: Hillsdale Fall Festival with local artisans, live music, and seasonal activities. September 12: Hudson West Folk Fest in Jersey City with live folk and acoustic performances. September 14-27: Fort Lee Restaurant Week — two weeks of special menus at the borough's best restaurants. September 18-20: Bergen County Fall Harvest Festival at Overpeck County Park in Ridgefield Park with 4-H displays, craft fair, carnival rides, and seasonal food. September 19: All About Downtown Street Fair in Jersey City (12-8 p.m., Newark Avenue between Grove and Coles Streets, 15th annual edition). September 19: Kenny G at bergenPAC in Englewood. September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition. September 26: River City Fair in Hoboken on Sinatra Drive (11 a.m.-5 p.m.).
6. Florida Amendment 3 — Still No Ruling, Now Over Three Weeks After Hearing
It has now been over three weeks since the July 29 hearing before Judge Angela Dempsey in Leon County Circuit Court, and no ruling has been issued yet. Three consolidated lawsuits were argued with both sides requesting summary judgment. State economists project $5 billion in local revenue losses by 2027 and $10.75 billion by 2031 if Amendment 3 passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move. The January 1, 2027 residency deadline for full benefit eligibility keeps drawing closer with each passing week. The moment a decision comes down, I will post an update here.
Scott Selleck's Take
The PMMS reading came in yesterday at 6.65% — a two-basis-point dip from last week that keeps rates in the comfortable mid-six range. The Fort Lee Summer Concert Series finale is Tuesday with New Power Soul, Dave Matthews Band is at bergenPAC on Thursday, and the Saborland Food Festival runs Aug 28-30 at American Dream. This weekend is one of the busiest of the summer: Summer BlockFest in Hoboken, the Jersey City Pride Festival, and the Outdoor Mega Workout in Englewood all on Saturday. On the market side, inventory at 2,100+ active listings in Bergen County gives buyers real choice, and rates are moving in the right direction for the fall season. The Florida Amendment 3 ruling is now over three weeks past the hearing with no decision. The clock toward the January 1, 2027 residency deadline keeps ticking. If your plans involve buying, selling, or a NJ-to-FL transition, the data supports informed planning. Book your free discovery call and let's look at your numbers together.
Market Update — August 19, 2026
Recent1. Weekend Wrap-Up — Jersey Tenors at Fort Lee, Movies Under the Stars Tonight, Busy Weekend Ahead
The Fort Lee Summer Concert Series continued Tuesday night with the Jersey Tenors at the Jack Alter Community Center — a crowd-pleasing blend of opera and rock classics that drew a strong turnout. Tonight, Wednesday August 19, Movies Under the Stars returns to Hoboken at 7:30 p.m. along the waterfront, with a free family-friendly film screening. The Fort Lee Women's Networking event also happens Wednesday, hosted by the Chamber of Commerce. This Saturday August 22 is shaping up to be one of the busiest days of the summer: the Summer BlockFest in Hoboken (4th annual hip-hop festival at 770 Jackson Street, rain date August 29), the Jersey City Pride Festival centered around the Newark Avenue Pedestrian Plaza — one of the largest Pride celebrations in the Northeast — and the Outdoor Mega Workout at Mackay Park in Englewood at 10:30 a.m. All free and open to the community. Farmers markets across both counties remain at peak season with Jersey tomatoes, corn, peaches, and stone fruit at their absolute best right now.
2. This Week's Events: August 19-25
The late-summer calendar keeps delivering. Tonight, Wednesday August 19: Movies Under the Stars in Hoboken at 7:30 p.m. along the waterfront. Saturday August 22: Summer BlockFest in Hoboken (4th annual hip-hop festival at 770 Jackson Street, rain date August 29), Jersey City Pride Festival centered around the Newark Avenue Pedestrian Plaza, and Outdoor Mega Workout at Mackay Park in Englewood (10:30 a.m., free). Tuesday August 25: Fort Lee Summer Concert Series wraps for the season with New Power Soul at the Jack Alter Community Center (7:30 p.m., free). Thursday August 27: Dave Matthews Band at the Bergen Performing Arts Center in Englewood. August 28-30: The Saborland Food Festival at American Dream in East Rutherford — a weekend of food, music, and culture. August 28: Will Wood and the Tapeworms at Debonair Music Hall in Teaneck (7 p.m.). Fort Lee Farmers Market runs every Sunday 8 a.m.-2 p.m. Hoboken Concerts in the Park series continues at Pier A Park. Farmers markets in Englewood (Fridays), Teaneck (Thursdays), Ridgewood (Sundays), and Jersey City (Mondays & Thursdays) are all in full swing.
3. Freddie Mac PMMS — 30-Year Fixed at 6.67% (August 13 Reading Confirmed)
Freddie Mac's Primary Mortgage Market Survey released Thursday August 13 showed the 30-year fixed-rate mortgage averaging 6.67%, down slightly from 6.69% the prior week. The 15-year fixed stands at 5.90-5.98% depending on the lender. Mortgage News Daily data shows the 30-year fixed rate at approximately 6.74% on August 13. Bankrate New Jersey purchase rates remain in the 6.62-6.84% range. The pattern is clear: rates have settled in a narrow band in the mid-to-upper sixes with no conviction to break meaningfully lower. The next PMMS reading comes Thursday August 20 — tomorrow. For Bergen and Hudson County buyers, locking now locks in certainty — floating for a potential dip carries real risk as the fall season approaches and economic data remains mixed. For sellers, this rate environment keeps the buyer pool selective, making accurate first-day pricing and strong curb appeal non-negotiable.
4. Bergen County Market — Mid-August Snapshot
The Greater Bergen REALTORS June 2026 report remains the latest official data, showing single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). Zillow's broader measure shows Bergen County's median home value at approximately $946,000 as of June, up 7.3% year-over-year. Inventory stands at 2,103 active listings as of August 1 — the highest in several years. Months-of-supply at 1.4-1.7 months remains firmly in seller's market territory. Days on market averages 28 days for sold properties, with well-priced homes in the $500K-$900K range still drawing the strongest buyer interest. New listings rose 8.3% year-over-year, meaning more options exist now for buyers than at any point in the last two years — though bidding wars remain common for homes priced correctly in desirable neighborhoods. The July data from NJ REALTORS should post in the coming weeks and I will update here when it does.
5. Events on the Horizon: Late August Through September
Looking ahead, the calendar through September is packed with community events that make Northern NJ special. August 25: Fort Lee Summer Concert Series finale with New Power Soul. August 27: Dave Matthews Band at bergenPAC in Englewood. August 28-30: Saborland Food Festival at American Dream. September 4-7: The 111th Annual St. Joseph's Festival in Lodi — one of Bergen County's longest-running Italian feasts with live music, food, games, and rides over Labor Day weekend. September 8: Ladies' Health Event at the Richard Rodda Center in Teaneck (7-8 p.m.). September 10-13: The 100th Annual Hoboken Italian Festival on Sinatra Drive along the waterfront — a centennial celebration not to be missed, with parades, live music, and world-class Italian cuisine. September 11-13: St. Anne's Parish Carnival and Food Fair in Fair Lawn. September 12: Fort Lee Artisan Market returns. September 12-13: St. Mark's Annual Festival in Jersey City (11 a.m.-9 p.m., 427 West Side Ave). September 14-27: Fort Lee Restaurant Week — two weeks of special menus at the borough's best restaurants. September 18-20: Bergen County Fall Harvest Festival at Overpeck County Park in Ridgefield Park with 4-H displays, craft fair, carnival rides, and seasonal food. September 19: All About Downtown Street Fair in Jersey City (12-8 p.m., Newark Avenue between Grove and Coles Streets, 15th annual edition). September 19: Kenny G at bergenPAC in Englewood. September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition. September 26: River City Fair in Hoboken on Sinatra Drive (11 a.m.-5 p.m.) — a waterfront festival with two stages of live entertainment.
6. Florida Amendment 3 — Still No Ruling, Now Three Weeks After Hearing
It has now been three weeks since the July 29 hearing before Judge Angela Dempsey in Leon County Circuit Court, and no ruling has been issued yet. Three consolidated lawsuits were argued with both sides requesting summary judgment. State economists project $5 billion in local revenue losses by 2027 and $10.75 billion by 2031 if Amendment 3 passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move. The January 1, 2027 residency deadline for full benefit eligibility keeps drawing closer with each passing week. The moment a decision comes down, I will post an update here.
Scott Selleck's Take
The Jersey Tenors at Fort Lee on Tuesday night was a fantastic show — the kind of free community concert that makes this area special. Tonight, Movies Under the Stars in Hoboken is a great option for families. And this Saturday is going to be one of the biggest community days of the summer: Summer BlockFest in Hoboken, Jersey City Pride Festival, and the Outdoor Mega Workout in Englewood all happening on the same day. On the market side, rates dipped slightly to 6.67% in last week's PMMS reading, and the next reading is due tomorrow. The 2,100+ active listings in Bergen County give buyers more selection than we have seen in years. The back-to-school season is in full swing — if you moved over the summer, make sure registrations are complete. The Florida Amendment 3 ruling is now three weeks past the hearing with no decision. The clock keeps ticking toward January 1, 2027. If your plans involve buying, selling, or a NJ-to-FL transition, the data supports informed planning. Book your free discovery call and let's look at your numbers together.
Market Update — August 17, 2026
Recent1. Weekend Wrap-Up — Puerto Rican Parade, Fiesta in America, Charlie Chaplin at Fort Lee, Jersey Tenors Concert
The 66th Annual Jersey City Puerto Rican Parade & Festival on August 15-16 was a resounding success, with thousands filling the streets for one of Hudson County's biggest cultural celebrations. At the same time, Fiesta in America at the Meadowlands Exposition Center brought Latin American artisans, dance performances, and authentic cuisine to East Rutherford. Charlie Chaplin's "The Gold Rush" screened at 1 Park Avenue in Fort Lee with live musical accompaniment by Makia Matsumura, a wonderful nod to the borough's historic role as the birthplace of the American film industry. The Hoboken Sinatra Sing-Off on Thursday August 13 was also a highlight. And Tuesday August 18 brought the Jersey Tenors to the Fort Lee Summer Concert Series. Farmers markets across both counties remained at peak season with Jersey tomatoes, corn, peaches, and stone fruit at their best.
2. This Week's Events: August 17-23
The late-summer event calendar shows no signs of slowing down. Tuesday August 18: The Fort Lee Summer Concert Series continues with the Jersey Tenors at the Jack Alter Community Center (7:30 p.m., free) — a crowd-pleasing blend of opera and rock classics. Wednesday August 19: Movies Under the Stars in Hoboken at 7:30 p.m. Saturday August 22: Summer BlockFest in Hoboken (4th annual hip-hop festival at 770 Jackson Street, with a rain date of August 29) — one of Hoboken's most energetic community events. Also Saturday: The Jersey City Pride Festival centered around the Newark Avenue Pedestrian Plaza — one of the largest Pride celebrations in the Northeast. Saturday August 22: Outdoor Mega Workout at Mackay Park in Englewood (10:30 a.m., free) — a great way to stay active with the community. Tuesday August 25: Fort Lee Summer Concert Series wraps for the season with New Power Soul. Thursday August 27: Dave Matthews Band at the Bergen Performing Arts Center in Englewood. August 28-30: The Saborland Food Festival at American Dream in East Rutherford — a weekend of food, music, and culture. Fort Lee Farmers Market runs every Sunday 8 a.m.-2 p.m. Hoboken Concerts in the Park series continues at Pier A Park. Farmers markets in Englewood (Fridays), Teaneck (Thursdays), Ridgewood (Sundays), and Jersey City (Mondays & Thursdays) are all in full swing.
3. Freddie Mac PMMS — Holding at 6.69% (August 13 Reading Confirmed)
Freddie Mac's Primary Mortgage Market Survey released Thursday August 13 confirmed the 30-year fixed-rate mortgage averaging 6.69%, unchanged from the prior week for the second consecutive reading. The 15-year fixed stands at 5.90-5.98% depending on the lender. Mortgage News Daily data shows the 30-year fixed rate at approximately 6.74% on August 13. Bankrate New Jersey purchase rates remain in the 6.62-6.84% range. The pattern is clear: rates have settled in a narrow band in the mid-to-upper sixes with no conviction to break meaningfully lower. The next PMMS reading comes Thursday August 20. For Bergen and Hudson County buyers, locking now locks in certainty — floating for a potential dip carries real risk as the fall season approaches and economic data remains mixed. For sellers, this rate environment keeps the buyer pool selective, making accurate first-day pricing and strong curb appeal non-negotiable.
4. Bergen County Market — Mid-August Snapshot
The Greater Bergen REALTORS June 2026 report remains the latest official data, showing single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). Zillow's broader measure shows Bergen County's median home value at approximately $946,000 as of June, up 7.3% year-over-year. Inventory stands at 2,103 active listings as of August 1 — the highest in several years. Months-of-supply at 1.4-1.7 months remains firmly in seller's market territory. Days on market averages 28 days for sold properties, with well-priced homes in the $500K-$900K range still drawing the strongest buyer interest. New listings rose 8.3% year-over-year, meaning more options exist now for buyers than at any point in the last two years — though bidding wars remain common for homes priced correctly in desirable neighborhoods. The July data from NJ REALTORS should post in the coming weeks and I will update here when it does.
5. Events on the Horizon: Late August Through September
Looking ahead, the calendar through September is packed with community events that make Northern NJ special. August 25: Fort Lee Summer Concert Series finale with New Power Soul. August 27: Dave Matthews Band at bergenPAC in Englewood. August 28-30: Saborland Food Festival at American Dream. September 4-7: The 111th Annual St. Joseph's Festival in Lodi — one of Bergen County's longest-running Italian feasts with live music, food, games, and rides over Labor Day weekend. September 10-13: The 100th Annual Hoboken Italian Festival on Sinatra Drive along the waterfront — a centennial celebration not to be missed, with parades, live music, and world-class Italian cuisine. September 12: Fort Lee Artisan Market returns. September 14-27: Fort Lee Restaurant Week — two weeks of special menus at the borough's best restaurants. September 18-20: Bergen County Fall Harvest Festival at Overpeck County Park in Ridgefield Park with 4-H displays, craft fair, carnival rides, and seasonal food. September 19: All About Downtown Street Fair in Jersey City (12-8 p.m., Newark Avenue between Grove and Coles Streets). September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition.
6. Florida Amendment 3 — Still No Ruling, Now Three Weeks After Hearing
It has now been three weeks since the July 29 hearing before Judge Angela Dempsey in Leon County Circuit Court, and no ruling has been issued yet. Three consolidated lawsuits were argued with both sides requesting summary judgment. State economists project $5 billion in local revenue losses by 2027 and $10.75 billion by 2031 if Amendment 3 passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move. The January 1, 2027 residency deadline for full benefit eligibility keeps drawing closer with each passing week. The moment a decision comes down, I will post an update here.
Scott Selleck's Take
What a weekend. The Jersey City Puerto Rican Parade & Festival was spectacular — one of the best cultural celebrations in Hudson County, and the energy on the parade route was incredible. Fiesta in America at the Meadowlands brought Latin American culture to life with artisans, dancers, and food that transported you. And Charlie Chaplin's "The Gold Rush" with live piano accompaniment at Fort Lee was a reminder that this borough is where American cinema began. These are the moments that make Northern NJ different. On the market side, rates are holding steady at 6.69% for the second straight week, and 2,100+ active listings in Bergen County gives buyers more selection than we have seen in years. The back-to-school season is in full swing — if you moved over the summer, make sure registrations are complete. The Florida Amendment 3 ruling is now three weeks past the hearing with no decision. The clock keeps ticking toward January 1, 2027. If your plans involve buying, selling, or a NJ-to-FL transition, the data supports informed planning. Book your free discovery call and let's look at your numbers together.
Market Update — August 14, 2026
Recent1. Freddie Mac PMMS — Holding at 6.69% (Thursday August 13 Reading)
Freddie Mac's Primary Mortgage Market Survey released yesterday, Thursday August 13, showed the 30-year fixed-rate mortgage averaging 6.69%, unchanged from the prior week. The 15-year fixed stands at 5.90-5.98% depending on the lender. Mortgage News Daily data shows the 30-year fixed rate at approximately 6.74% on August 13 (up slightly from 6.65% two weeks ago). Bankrate New Jersey purchase rates as of mid-August are in the 6.62-6.84% range. For Bergen and Hudson County buyers, the pattern is clear: rates have settled in a narrow band in the mid-to-upper sixes with no conviction to break meaningfully lower. Locking now locks in certainty; floating for a potential dip carries real risk as the fall season approaches and economic data remains mixed. For sellers, this rate environment keeps the buyer pool selective — accurate first-day pricing and strong curb appeal are non-negotiable.
2. Last Weekend's Event Calendar: August 14-16
Late-summer weekend events were in full swing across both counties. Friday August 14: The Fort Lee Summer Movie Series presented a free screening at the Jack Alter Community Center. Saturday August 15: The 66th Annual Jersey City Puerto Rican Parade & Festival kicked off with a parade and continued through Sunday — one of Hudson County's largest cultural celebrations with live music, food vendors, and family-friendly programming all weekend. Also Saturday-Sunday: Fiesta in America at the Meadowlands Exposition Center in East Rutherford, a two-day celebration of Latin American culture with artisans, dance performances, and authentic cuisine. Saturday August 15: Hoboken Concerts in the Park series continued with a free performance at Pier A Park. The Fort Lee Farmers Market ran Sunday with peak-season Jersey produce.
3. Bergen County Market — Mid-August Snapshot
The Greater Bergen REALTORS June 2026 report posted single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). Zillow's broader measure shows Bergen County's median home value at approximately $946,000 as of June, up 7.3% year-over-year. Inventory stands at 2,103 active listings as of August 1 — the highest in several years. Months-of-supply at 1.4-1.7 months remains firmly in seller's market territory. Days on market averages 28 days for sold properties, with well-priced homes in the $500K-$900K range still drawing the strongest buyer interest. New listings rose 8.3% year-over-year, meaning more options exist now for buyers than at any point in the last two years — though bidding wars remain common for homes priced correctly in desirable neighborhoods.
4. Back-to-School Prep: Registration Deadlines and District Calendars
With Labor Day on September 7, Bergen County school districts are finalizing their 2026-2027 academic calendars. Most districts schedule teacher prep days for the week of August 31, with the first student day on September 8 or 9. For families who moved into the area over the summer, now is the time to complete registrations. Each of Bergen County's roughly 75 public school districts runs its own enrollment process, and some require physical presence for immunizations and residency verification. The Bergen County Academies application cycle opens in August and September with informational sessions and open houses. For the complete schedule and resources, see our back-to-school guide for Bergen County parents. Also helpful: our guide to Bergen County's best schools for district-by-district comparisons.
5. Events on the Horizon: Late August and September
Looking ahead, the late-summer and fall calendar is packed. August 18: Fort Lee Summer Concert Series continues featuring the Jersey Tenors at the Jack Alter Community Center (7:30 p.m., free). August 19: Movies Under the Stars in Hoboken (7:30 p.m.). August 22: Summer BlockFest in Hoboken (4th annual hip-hop festival at 770 Jackson Street, rain date August 29) and the Jersey City Pride Festival centered around Newark Avenue Pedestrian Plaza. August 22: Outdoor Mega Workout at Mackay Park in Englewood (10:30 a.m., free). August 25: Fort Lee Summer Concert Series wraps with New Power Soul. August 27: Dave Matthews Band at the Bergen Performing Arts Center in Englewood. August 28-30: Saborland Food Festival at American Dream in East Rutherford. September 4-7: The 111th Annual St. Joseph's Festival in Lodi, one of Bergen County's longest-running Italian feasts with live music, food, games, and rides. September 10-13: The 100th Annual Hoboken Italian Festival on Sinatra Drive along the Hoboken waterfront — a centennial celebration with parades, music, and Italian cuisine. September 12: Fort Lee Artisan Market returns. September 14-27: Fort Lee Restaurant Week. September 18-20: Bergen County Fall Harvest Festival at Overpeck County Park in Ridgefield Park with 4-H displays, craft fair, carnival rides, and food. September 19: All About Downtown Street Fair in Jersey City (12-8 p.m., Newark Avenue between Grove and Coles Streets). September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition.
6. Florida Amendment 3 — Still No Ruling, Approaching Three Weeks
It has now been more than two weeks since the July 29 hearing before Judge Angela Dempsey in Leon County Circuit Court, and no ruling has been issued. Three consolidated lawsuits were argued with both sides requesting summary judgment. State economists project $5 billion in local revenue losses by 2027 and $10.75 billion by 2031 if Amendment 3 passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move. The January 1, 2027 residency deadline for full benefit eligibility keeps drawing closer. The moment a decision comes down, I will post an update here.
Scott Selleck's Take
Mid-August is here and the community calendar delivered in a big way last weekend. The Hoboken Sinatra Sing-Off, the Jersey City Puerto Rican Parade & Festival, and Fiesta in America at the Meadowlands — three fantastic events that showcase the diversity of Northern NJ. On the market side, rates held steady at 6.69% in last Thursday's PMMS reading, and 2,100+ active listings in Bergen County gives buyers more selection than we have seen in years. The back-to-school season is upon us: families who moved over the summer should make sure registrations are in progress. For sellers, the message remains the same: price it right from day one. The Florida Amendment 3 ruling is now three weeks past the hearing with no decision — the clock toward the January 1, 2027 deadline keeps ticking. If your plans involve buying, selling, or a NJ-to-FL transition, now is a strong time to be informed. Book your free discovery call and let's look at your numbers together.
Market Update — August 12, 2026
This Week1. Freddie Mac PMMS — Last Reading 6.69%, Next Release Tomorrow
Freddie Mac's Primary Mortgage Market Survey from Thursday August 6 showed the 30-year fixed-rate mortgage averaging 6.69%. The next PMMS reading comes out this Thursday, August 13. Market watchers expect rates to hold in the mid-to-upper six-percent range where they have settled through the first half of August. The 15-year fixed stands at 5.90-6.01% depending on the lender. Bankrate data as of August 12 shows New Jersey purchase rates in the 6.62-6.84% range. For Bergen and Hudson County buyers, locking now locks in predictability — waiting for a meaningful dip carries real risk given the current economic signals and the upward trend seen in recent weeks. For sellers, this rate level keeps the buyer pool narrower than it would be at lower rates, making accurate pricing from day one more important than ever.
2. This Week's Event Calendar: August 12-18
Mid-August brings another full week of community events across both counties. Tonight, Wednesday August 12: Fort Lee hosts its 70s Rock Parade at 7:30 p.m. at the Jack Alter Community Center — a free evening of live music and retro fun. Thursday August 13: The Hoboken Sinatra Sing-Off at Sinatra Park (7 p.m.) — an annual tribute to Hoboken's most famous son with amateur vocalists competing in an open-air singing contest along the waterfront. Also Thursday: "Hoppers" movie screening at Fort Lee's Summer Movie Series (8 p.m., Jack Alter Community Center). Saturday-Sunday August 15-16: The 66th Annual Jersey City Puerto Rican Parade & Festival, one of Hudson County's biggest cultural celebrations featuring a parade, live music, food vendors, and community programming. Also this weekend: Fiesta in America at the Meadowlands Exposition Center in East Rutherford — a celebration of Latin American culture with artisans, dance performances, and authentic cuisine. Farmers markets across Bergen and Hudson Counties remain at peak season with the best local produce of the year. Fort Lee Summer Concert Series continues August 18 and 25.
3. Bergen County Market — August Inventory at 2,100+ Listings
The Greater Bergen REALTORS June 2026 report confirms strong market conditions. Single-family median sale prices around $822,000 (up 9.8% year-over-year) with 584 closed sales (up 13.0%). The wider Zillow dataset shows Bergen County's median home value at approximately $946,000 (up 7.3% year-over-year as of June). Active inventory as of August 1 stands at 2,103 listings. Months-of-supply remains at 1.4-1.7 months across property types, firmly in seller's market territory. Homes in the $500K-$900K range continue to draw the strongest buyer interest. Days on market averages 28 days for sold properties — well-priced homes are still moving fast.
4. Back-to-School Season Begins Across Bergen County
With Labor Day falling on September 7, 2026, most Bergen County school districts are preparing for teacher prep days the week of August 31 and student start dates of September 8-9. For parents new to the area, now is the time to finalize registrations and check district-specific calendars. Bergen County has roughly 75 separate public school districts, each with its own calendar, making early planning essential. Key dates: the Bergen County Academies application timeline opens in August-September with open houses and informational sessions for the selective magnet program. School supply lists are being posted now on district websites. For a full rundown of start dates, registration requirements, and the academic calendar, see our complete back-to-school guide. For district performance comparisons, read our guide to Bergen County's best schools.
5. Upcoming Events: What's Ahead in Late August and September
Looking ahead, several major events are on the horizon. August 22: Summer BlockFest in Hoboken (4th annual hip-hop festival at 770 Jackson Street, rain date August 29) and the Jersey City Pride Festival — one of the largest pride celebrations in the Northeast, centered around the Newark Avenue Pedestrian Plaza. August 22: Outdoor Mega Workout at Mackay Park in Englewood (10:30 a.m., free). August 27: Dave Matthews Band at the Bergen Performing Arts Center in Englewood. August 28-30: Saborland Food Festival at American Dream in East Rutherford. Fort Lee Restaurant Week runs September 14-27, and the Fort Lee Artisan Market returns September 12. September 26: Leonia Oktoberfest at Wood Park (1-9 p.m.) with music, food, and Bavarian tradition — a great community event to put on your calendar early.
6. Florida Amendment 3 — Still No Ruling, Two Weeks After Hearing
It has now been two weeks since the July 29 hearing before Judge Angela Dempsey in Leon County Circuit Court, and no ruling has been issued yet. Three consolidated lawsuits were argued, with both sides asking the judge to decide the case without a trial. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move, and the clock toward the January 1, 2027 residency deadline keeps ticking. I will update the moment the decision comes in.
Scott Selleck's Take
As we move into mid-August, the summer festival season is still delivering. The Fort Lee 70s Rock Parade is tonight, the Hoboken Sinatra Sing-Off is Thursday, and the Jersey City Puerto Rican Parade & Festival is this weekend — three great reasons to get out and experience what makes these communities special. On the market side, rates hold at 6.69% with the next PMMS reading due Thursday. Inventory at 2,100+ active listings in Bergen County gives buyers real choice, but well-priced homes are still moving fast with a 28-day average days on market. For sellers, that means accurate pricing is everything. The Florida Amendment 3 ruling is now two weeks past the hearing with no decision yet — I am watching this closely, as it directly affects the math for anyone planning a NJ-to-FL transition. And with Labor Day approaching, back-to-school preparations are in full swing across Bergen and Hudson Counties. If you are thinking about buying, selling, or relocating, the data is moving in your favor for informed planning. Book your free discovery call and let's walk through your numbers.
Market Update — August 10, 2026
This Week1. Freddie Mac PMMS — 30-Year Fixed at 6.69% (Holding Steady)
Freddie Mac's Primary Mortgage Market Survey from Thursday August 6 showed the 30-year fixed-rate mortgage averaging 6.69%, unchanged from the prior week's upward tick. The 15-year fixed stands at 5.90-5.98% depending on the lender. Bankrate and U.S. News data as of August 10 show purchase rates in the 6.51-6.84% range depending on the lender and points. Rates are holding in the mid-to-upper six-percent range where they have settled through the first half of August. For Bergen and Hudson County buyers, the window for locking is open — waiting for a meaningful dip carries real risk given current economic signals. For sellers, this rate level means the buyer pool remains narrower than it would be at lower rates, making accurate pricing from day one more important than ever.
2. Events: August 10-16 Wrap
The Jersey Beach Boys performed at Fort Lee's Summer Concert Series on Tuesday August 11. The Hoboken Sinatra Sing-Off is Thursday August 13 at Sinatra Park (7 p.m.). The 66th Annual Jersey City Puerto Rican Parade & Festival runs this weekend August 15-16 along with Fiesta in America at the Meadowlands Exposition Center. Fort Lee Summer Concert Series continues with shows on August 18 and 25. Farmers markets across Bergen and Hudson Counties are at peak season with the best produce of the year.
3. Bergen County Market — August Inventory Update
The Greater Bergen REALTORS June 2026 report confirms single-family median sale prices around $822,000 (up 9.8% year-over-year) with 538 closed sales (up 10.7%). The condo and townhome segment shows a median sale price of $541,225 (roughly flat year-over-year). Active inventory as of early August stands at approximately 2,100+ listings — the highest level in years. Months-of-supply remains at 1.4-1.7 months across property types, still firmly in seller's market territory. The June data from NJ REALTORS shows single-family homes selling at 102.8% of asking price, and new listings increased by 8.3% year-over-year.
4. New Restaurant Openings and Dining Updates
The Northern NJ dining scene keeps evolving. The Cove By Blu — the new waterfront restaurant from the team behind Blu on the Hudson — has been officially announced for Edgewater at 115 River Road. Bear Donut at 55 N. Dean Street in Englewood continues to draw crowds. Uncle Al's Sourdough Pizza at 19 Route 5 in Edgewater is now firmly established. In Fort Lee, Hanwoori and BHC Chicken remain popular. Pub 178 in Teaneck has built a steady following. In Hoboken, Nana's Dumpling + Dim Sum and KiKi Lu Gelato continue to be must-try spots.
5. Florida Amendment 3 — Still No Ruling
No ruling has been issued yet from Judge Angela Dempsey on the Florida Amendment 3 ballot language challenge. The hearing concluded July 29 in Leon County Circuit Court. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move.
Scott Selleck's Take
The Saint Rocco feasts and Italian festivals wrapped up across Fort Lee, Jersey City, and Glen Rock — three communities coming together for food, music, and tradition that spans nearly a century. Looking ahead, the Hoboken Sinatra Sing-Off is Thursday and the Jersey City Puerto Rican Parade & Festival is this weekend. On the market side, rates are holding at 6.69% with inventory continuing to build — 2,100+ active listings in Bergen County gives buyers more choices than they have had in years. The Florida Amendment 3 ruling is still pending, and the January 1, 2027 residency deadline for NJ-to-FL relocators keeps getting closer. If you are thinking about buying, selling, or relocating, the data is moving in your favor for informed planning.
Market Update — August 7, 2026
Recent1. Freddie Mac PMMS — 30-Year Fixed at 6.69%
Freddie Mac's Primary Mortgage Market Survey released yesterday, Thursday August 6, showed the 30-year fixed-rate mortgage averaging 6.69%, up from 6.66% the prior week. The 15-year fixed stands at 5.90-5.98% depending on the lender. Bankrate data for New Jersey shows purchase rates around 6.69% (6.84% APR) and refinance rates around 6.88-7.02% as of early August. Rates continue to hold in the mid-to-upper six-percent range. For Bergen and Hudson County buyers, the message remains consistent: locking now locks in predictability; floating for a potential dip carries real risk in the current rate environment. For sellers, this rate level keeps the pool of qualified buyers narrower than it would be at lower rates, making accurate pricing from day one essential.
2. This Weekend: Event Calendar August 7-9
The August event calendar keeps delivering this weekend. Tonight, Friday August 7: The R&B Tour with Usher and Chris Brown at MetLife Stadium in East Rutherford (8 p.m.) — a massive concert event drawing tens of thousands. Also tonight: Summer Sounds at the Commons in Fort Lee (6-8:30 p.m., free outdoor concert), UB40 featuring Ali Campbell at bergenPAC in Englewood (8 p.m.), and a free outdoor screening of 'The SpongeBob Movie: Search for the SquarePants' at Van Saun County Park in Paramus (8:30 p.m.). Saturday August 8: The Fort Lee Artisan Night Market (4-9 p.m. at Fort Lee Commons) with local artisans, handcrafted goods, food vendors, and live entertainment. The New Jersey Wine Festival at Demarest Farms in Hillsdale runs Saturday-Sunday (ages 21+). La Festa Italiana in Jersey City continues through Sunday at Holy Rosary Church. Saint Rocco's Feast in Fort Lee continues through Sunday, and Saint Rocco's Feast in Glen Rock runs through Tuesday August 11. Sunday August 9: Coffee + Birds event in Franklin Lakes. Farmers markets across Bergen and Hudson Counties remain at peak season with the best local produce of the year.
3. Bergen County Market — Fresh Snapshot with 2,103 Active Listings
New data from Elevate Realty NJ and the Greater Bergen REALTORS association provides the clearest picture yet of the summer market. As of August 1, 2026, Bergen County has 2,103 active listings — up significantly from earlier in the year. The median sale price for all property types hovers around $788,000, with single-family homes (June 2026 data from NJ REALTORS) reaching approximately $822,000, up 9.8% year-over-year. The condo and townhome segment shows a median sale price of $575,000, up 3.1% year-over-year. Months-of-supply remains at 1.4-1.7 months — firmly in seller's market territory. New single-family listings were up 8.3% year-over-year, and closed sales rose 13.0%, indicating that well-priced homes continue to attract strong buyer demand. The takeaway: inventory is improving meaningfully, but demand remains robust enough to keep the market competitive.
4. New Restaurant Openings to Try This Weekend
Several new dining options have opened across Bergen County in recent weeks. The Cove By Blu — a new waterfront restaurant from the team behind Blu on the Hudson — has been announced for Edgewater at 115 River Road, adding another destination dining option to the Gold Coast waterfront. Bear Donut has opened at 55 N. Dean Street in Englewood, offering fresh doughnuts, coffee, and matcha tea — a welcome addition to Englewood's thriving cafe scene. Uncle Al's Sourdough Pizza is now open at 19 Route 5 in Edgewater, bringing artisanal sourdough pizza to the waterfront corridor. Bean and Crumb Cafe has opened in Bogota with coffee, pastries, and specialty drinks. In Fort Lee, Sikgam (new Korean restaurant) and Cap't Loui (Cajun seafood boil at 210 Main Street) continue to draw diners. And in Teaneck, Pub 178 (Irish pub and sports bar) has been drawing a steady local crowd since opening earlier this year.
5. Florida Amendment 3 — Still No Ruling
No ruling has been issued yet from Judge Angela Dempsey on the Florida Amendment 3 ballot language challenge. The hearing concluded July 29 in Leon County Circuit Court, with both sides asking the judge to decide the case without a trial. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move, and the clock toward the January 1, 2027 residency deadline keeps ticking. I will update the moment the decision comes in.
Scott Selleck's Take
Rates ticked up to 6.69% this week — a small move but one worth noting. For buyers, the window for locking in the mid-six-percent range is still open, but it's not getting wider. The inventory picture continues to improve: 2,103 active listings in Bergen County as of August 1 is the most we have seen in years. That gives buyers more choices and sellers more competition — a healthy market that rewards preparation on both sides. This weekend is one of the best of the summer: The R&B Tour at MetLife tonight with Usher and Chris Brown, the Fort Lee Artisan Night Market on Saturday, and Italian feasts running across three towns. The festivals and events that make Northern NJ special are in full swing. If you are thinking about buying, selling, or relocating, the data is moving in your favor for informed planning. Book Your Free Discovery Call and let's walk through your numbers.
Market Update — August 5, 2026
This Week1. La Festa Italiana & Saint Rocco's Feast Continue Through Sunday
Two major Italian street festivals launched Wednesday August 5 and continue through their final weekend. La Festa Italiana in Jersey City celebrates its 124th year at Holy Rosary Church on 6th Street, running through Sunday August 9 with live entertainment, authentic Italian foods, and one of the city's most beloved traditions. Saint Rocco's Feast in Fort Lee runs August 5-9 for its 97th annual edition, packing Main Street with Italian food, carnival games, live music, and fireworks. And Saint Rocco's Feast in Glen Rock runs August 7-11. This weekend is the final stretch for all three — there is no better way to experience the heart of these communities than at a street festival in full swing.
2. This Week's Full Event Calendar
The August calendar is packed. Beyond the Italian feasts: Fort Lee Summer Sounds at the Commons is Friday, August 7 (6-8:30 p.m., free). Fort Lee Artisan Night Market is Saturday, August 8 (4-9 p.m.) with local artisans, handcrafted goods, and live entertainment. New Jersey Wine Festival at Demarest Farms runs August 8-9 (ages 21+). Hoboken Sinatra Sing-Off is August 13 at Sinatra Park. Jersey City Puerto Rican Parade & Festival runs August 15-16 (66th annual). Summer BlockFest in Hoboken is August 22. Jersey City Pride Festival is August 22. Saborland Food Festival at American Dream runs August 28-30. Farmers markets across both counties remain at peak season with the best local produce of the year.
3. Freddie Mac PMMS — 30-Year Fixed at 6.62%
Freddie Mac's Primary Mortgage Market Survey released Thursday, July 30 showed the 30-year fixed-rate mortgage at 6.66%, with subsequent purchase rates inching to 6.62-6.93% depending on the lender. The 15-year fixed now stands at 5.87-5.98%. Bankrate data for New Jersey shows purchase rates around 6.62% (6.84% APR) and refinance rates around 6.88-7.02% as of early August. Rates are holding in the mid-to-upper six-percent range. For Bergen and Hudson County buyers, the message is consistent: locking now locks in predictability; floating for a potential dip carries real risk in the current environment. For sellers, this rate level keeps the pool of qualified buyers narrower than it would be at 5.5%, making accurate pricing from day one essential.
4. Bergen County Market — Fresh August Snapshot
The latest data shows Bergen County's median sale price holding around $788,000 for all property types (up 4.7% year-over-year), with single-family homes tracking higher at approximately $835,000-851,000 depending on the dataset. Median price per square foot is $458 (up 6.9%). Active inventory sits at approximately 1,550-1,720 listings — up 7-17% year-over-year but still roughly 22% below pre-pandemic 2019 levels. Months-of-supply remains at 1.4-1.7 months, firmly in seller's market territory. Homes sell in an average of 63 days (three-month rolling), with well-priced properties in desirable towns moving in 30-45 days. Seller concessions are present in approximately 42% of recent transactions, up from 31% a year earlier — a quiet shift worth noting for both buyers and sellers.
5. Fort Lee Dining Scene — New Openings to Try
Fort Lee's restaurant scene continues to grow. Wonder (2036 Hudson St) opened in early 2026, a delivery-first food hall concept featuring menus from top chefs including Bobby Flay and Jose Andres. Seoul Cream (112 Linwood Ave) is a new Korean bakery and cafe worth a visit. In Leonia, Snackstop opened at the corner of Broad Avenue and Fort Lee Road serving breakfast and sandwiches — a welcome addition to the local dining scene. In Hoboken, Nana's Dumpling + Dim Sum (38 Jackson St) opened in the Southend Lofts, the first New Jersey location for this Colorado-based dumpling shop. KiKi Lu Gelato (1500 Hudson St) serves authentic Italian-style gelato made fresh daily — perfect after a walk along the Hoboken waterfront. In Jersey City, Rosie's (246 Grove St) is a new diner concept expected to open soon, and Jane's Matcha debuted in Jersey City Heights with a tearoom featuring handmade ceramics and premium matcha.
6. Florida Amendment 3 — Still No Ruling
No ruling has been issued yet from Judge Angela Dempsey on the Florida Amendment 3 ballot language challenge. The hearing concluded July 29 in Leon County Circuit Court, with both sides asking the judge to decide the case without a trial. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move, and the clock toward the January 1, 2027 residency deadline keeps ticking. I will update the moment the decision comes in.
Scott Selleck's Take
Today is the kind of day that reminds me why I love Northern NJ. La Festa Italiana in Jersey City and Saint Rocco's Feast in Fort Lee both kick off tonight — two communities coming together for food, music, and tradition that spans generations. The Japanese Food Festival at Overpeck last weekend was a resounding success, and this week we have three Italian street festivals running at once. This is the fabric of these communities. On the market side, rates are holding in the mid-six-percent range at 6.62%, inventory is improving but still tight, and the Florida Amendment 3 ruling is still pending. If you are thinking about buying, selling, or relocating, the data is moving in your favor for informed planning. Book Your Free Discovery Call and let's walk through your numbers.
Market Update — August 3, 2026
Recent1. Weekend Wrap-Up — Japanese Food Festival & Filipino Street Food Festival
The Japanese Food Festival at Overpeck County Park on Saturday, August 1 was a resounding success, bringing thousands of visitors to Leonia for Japanese street food, Taiko drumming, samurai sword demonstrations, Bon Odori dancing, and family activities. One of the most distinctive cultural events on the Bergen County calendar lived up to its reputation in year two. Sunday, August 2 brought the St. John's Filipino Street Food Festival to Leonia's Peter Kramer Hall, a wonderful community celebration of Filipino culture through food. Both events showcased the incredible cultural diversity that makes Bergen County such a special place to live.
2. This Week's Events — Festival Season Continues
The August festival calendar remains packed. La Festa Italiana in Jersey City (124th year!) runs Wednesday August 5 through Sunday August 9 at Holy Rosary Church on 6th Street — live entertainment, authentic Italian foods, and one of the city's most beloved traditions. Saint Rocco's Feast in Fort Lee runs August 5–9 (97th annual) with Italian food, music, games, and fireworks. Saint Rocco's Feast in Glen Rock runs August 7–11. Fort Lee's Summer Sounds at the Commons is Friday, August 7, 6–8:30 p.m. — free outdoor concert at Fort Lee Commons Park. The Fort Lee Artisan Night Market is Saturday, August 8, 4–9 p.m. with local artisans, handcrafted goods, food, and live entertainment. New Jersey Wine Festival at Demarest Farms in Hillsdale runs Saturday–Sunday, August 8–9 (ages 21+). And the Bergen County Zoo has Gray Wolves camp and Jr. Zookeepers camp running through August 7.
3. Freddie Mac PMMS — 30-Year Fixed at 6.66%
Freddie Mac's Primary Mortgage Market Survey confirmed the 30-year fixed-rate mortgage at 6.66% for the week ending July 30, with purchase rates inching toward 6.93% per U.S. News data and refinance rates around 6.88–7.02% depending on the lender. The 15-year fixed stands at 5.87%. Rates are holding in the mid-to-upper six-percent range where they have settled through late July and early August. For Bergen and Hudson County buyers, the message is consistent: if you are well-qualified, locking now locks in predictability; floating for a potential dip carries real risk in the current environment. For sellers, this rate level keeps the pool of qualified buyers narrower than it would be at 5.5% — making accurate pricing from day one essential.
4. Bergen County Mid-Summer Market Snapshot
The latest Redfin data (three months ending May 2026) shows Bergen County's median sale price holding around $788,000 (up 4.7% year-over-year) with a median price per square foot of $458 (up 6.9% annually). Active inventory sits at approximately 1,720 listings — roughly 1.6 months of supply, firmly in seller's market territory. Homes sell in an average of 63 days, slightly faster than the 68-day average a year ago. Homes continue to sell at 101–103% of asking price in the most desirable towns. The key takeaway: well-priced, move-in-ready homes in towns like Fort Lee, Ridgewood, Tenafly, and Glen Rock still command premium attention, while overpriced listings sit and collect days on market.
5. Fort Lee Dining Scene — Three New Openings in 2026
Fort Lee's restaurant scene continues to grow. Three notable openings this year: Hanwoori (Korean BBQ, opened March 2026 at 2020 Hudson St, replacing the former Gayeon location) offers modern charcoal-grilled cuisine in an elevated setting. BHC Chicken (Korean fried chicken, opened March 2026 at 240 Main St) is the sixth U.S. location for the global brand — a welcome addition to Fort Lee's already outstanding Korean dining corridor. Auri (all-day cafe and restaurant, opened January 2026 at 2020 Central Rd) serves coffee, meals, and health-focused menu items. Coming soon: Moobongri (soondae soup specialty) and Deli 1 (neighborhood deli). Fort Lee's dining scene keeps getting better — proof that the borough is much more than a commuter town.
6. Florida Amendment 3 — No Ruling Yet
Still no ruling from Judge Angela Dempsey on the Florida Amendment 3 ballot language challenge. The hearing concluded July 29 in Leon County Circuit Court, with both sides asking the judge to decide the case without a trial. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 remains the single most significant financial incentive on the table for NJ homeowners considering a Florida move, and the clock toward the January 1, 2027 residency deadline keeps ticking. I will update the moment the decision comes in.
Scott Selleck's Take
What a weekend. The Japanese Food Festival at Overpeck was everything I hoped it would be — thousands of people enjoying Taiko drumming, samurai sword demonstrations, and Japanese street food right here in Bergen County. Then Sunday's Filipino Street Food Festival in Leonia showed that our community's cultural diversity runs deeper than most people realize. These are the events that make Northern NJ special, and they remind me why I have called this region home since 1993. This week the festival season keeps rolling with La Festa Italiana in Jersey City, Saint Rocco's Feast in Fort Lee and Glen Rock, and the Fort Lee Artisan Night Market. Rates are holding at 6.66%, inventory is improving slightly, and the Florida Amendment 3 ruling is pending. If you are thinking about buying, selling, or relocating, the data is moving in your favor for informed planning. Book Your Free Discovery Call and let's walk through your numbers.
Market Update — July 31, 2026
Previous1. Freddie Mac PMMS — 30-Year Fixed at 6.66%
Freddie Mac's Primary Mortgage Market Survey released Thursday, July 30, showed the 30-year fixed-rate mortgage averaging 6.66%, up from 6.58% the prior week and slightly below the 6.72% average from a year ago. Rates have crept up through July, but remain within the range that keeps well-qualified buyers active. The 15-year fixed stands at 5.87%. For Bergen and Hudson County sellers, the takeaway is clear: well-priced, move-in-ready homes still command premium attention; overpriced listings sit.
2. Bergen County Market — Mid-Summer Snapshot
Bergen County's median sale price now sits at approximately $788,000 (up 4.7% year-over-year), with the median price per square foot at $458 (up 6.9% annually). Inventory has improved from the tight spring market, with 3.7 months of supply for townhomes and condos and a median sale price of $575,000 in that segment. However, months of supply for single-family homes remains under 2 months, firmly in seller's market territory for that segment. Well-priced homes in desirable towns like Fort Lee, Ridgewood, Tenafly, and Glen Rock continue to draw strong buyer interest and move quickly.
3. Weekend Events: August Starts Strong
The August event calendar kicks off this weekend with can't-miss programming across Bergen and Hudson Counties. Saturday August 1: the Japanese Food Festival at Overpeck County Park (11 a.m.–8 p.m.) with Japanese street food, Taiko drumming, Bon Odori dancing, and family activities — one of the most distinctive cultural events on the Bergen County calendar. Also Saturday: Seafood Fest at the Meadowlands Racetrack in East Rutherford (5–11 p.m.) and the Jersey City Night Market II: K-Pop Foodie Fest. Sunday August 2: St. John's Filipino Street Food Festival in Leonia (10:30 a.m.–2 p.m. at Peter Kramer Hall). Looking ahead: Fort Lee's 97th Annual Saint Rocco Feast (Aug 5–9), La Festa Italiana in Jersey City (Aug 5–9), Saint Rocco's Feast in Glen Rock (Aug 7–11), Fort Lee Artisan Night Market (Aug 8), Hoboken Sinatra Sing-Off (Aug 13), Jersey City Puerto Rican Parade & Festival (Aug 15–16), and the Saborland Food Festival at American Dream (Aug 28–30).
4. Florida Amendment 3 — No Ruling Yet
The Florida Amendment 3 hearing concluded July 29 before Judge Angela Dempsey in Leon County Circuit Court. Three consolidated lawsuits were argued, with attorneys contending the ballot title and summary were misleading. Both sides asked the judge to decide the case without a trial. No ruling has been issued yet. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 remains the most significant financial incentive on the table for NJ homeowners considering a Florida move. I will update the moment a decision comes in.
5. F1: The Movie Screened — Upcoming Fort Lee Events
F1: The Movie screened Thursday, July 30 at the Jack Alter Community Center as part of Fort Lee's Summer Movie Series. Next up in Fort Lee: Summer Sounds at the Commons on August 7 (6–8:30 p.m.), the Artisan Night Market on August 8 (4–9 p.m.), and the 97th Annual Saint Rocco Feast August 5–9 with Italian food, music, games, and fireworks. Farmers markets across Bergen and Hudson Counties remain at peak season with the best local produce of the year.
Scott Selleck's Take
The big news this week is rates ticking up to 6.66% — still manageable for qualified buyers, but it tightens the window for anyone who was floating. If you're buying, locking is the smarter call right now. The Bergen County market data confirms what I'm seeing in the field: well-priced homes in desirable towns are still drawing multiple offers, but the margin for error on pricing is shrinking. If you're planning a NJ-to-FL move, the Amendment 3 ruling is still pending, and the clock is ticking toward the January 1, 2027 residency deadline. This weekend, take advantage of everything Northern NJ has to offer — the Japanese Food Festival at Overpeck is one of the best cultural events of the year, and it's a reminder of why these communities are so special. Whether you're buying, selling, or planning a move, I'd love to help you map out the numbers. Book Your Free Discovery Call and let's talk.
Market Update — July 27, 2026
Previous1. St. Ann's Italian Festival Wraps Up — A Look Back
Hoboken's 116th annual St. Ann's Italian Festival wrapped up Sunday July 26, capping five days of live music, carnival rides, zeppoles, and Italian pastries on Jefferson Street. Thousands of visitors packed the street each evening through the weekend. If you missed it, mark your calendar for next year — and in the meantime, there is plenty more summer ahead. La Festa Italiana in Jersey City starts August 5, and Saint Rocco's Feast in Glen Rock runs August 7–11.
2. Looking Ahead: Japanese Food Festival — This Saturday!
The Japanese Food Festival at Overpeck County Park is set for Saturday, August 1 — just five days away. Japanese street food, live music, Taiko drumming, Bon Odori traditional dancing, and family activities. One of the most distinctive cultural events on the Bergen County calendar, drawing visitors from across the region. Also on August 1: the Jersey City Night Market II: K-Pop Foodie Fest and the North Bergen Midsummer Flea Market & Collectibles Show.
3. Fort Lee Concert & Movie Series — F1: The Movie This Thursday
Song Sung Blue screened this past Friday, July 24. Next up: F1: The Movie on Thursday, July 30 at the Jack Alter Community Center. The Fort Lee Summer Concert Series continues with Erich Cawalla & The Uptown Band this Tuesday, July 28 at 7:30 p.m. Overpeck County Park has Dr. K's Motown Revue on July 30 at 7 p.m. and Sinatra Park in Hoboken has concerts on July 30 as well.
4. Florida Amendment 3 Hearing — Concluded Today
The Florida Amendment 3 hearing took place today, Wednesday July 29, before Judge Angela Dempsey in Leon County Circuit Court. Three consolidated lawsuits were argued by attorneys representing former mayors and nonprofit groups, who contended that the ballot title and summary were misleading and functioned more like a campaign slogan than a neutral explanation. Both sides asked the judge to decide the case without a trial. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. No ruling has been issued yet — I will update as soon as the decision comes in. The potential expansion of the homestead exemption to $250,000 remains the most significant financial incentive on the table for NJ homeowners considering a Florida move.
5. August Preview: Events to Put on Your Calendar
August is shaping up to be just as active as July. This weekend alone: the Japanese Food Festival at Overpeck County Park (Aug 1), Seafood Fest at the Meadowlands Racetrack in East Rutherford (Aug 1), and the North Bergen Midsummer Flea Market & Collectibles Show (Aug 1). Looking ahead: La Festa Italiana in Jersey City (Aug 5–9), Saint Rocco's Feast in Glen Rock (Aug 7–11), Fort Lee Artisan Night Market (Aug 8), Hoboken Sinatra Sing-Off (Aug 13), Jersey City Puerto Rican Parade & Festival (Aug 15–16), Summer BlockFest in Hoboken (Aug 22), and Jersey City Pride Festival (Aug 22). Note: The State Fair Meadowlands is not being held in 2026 due to the FIFA World Cup at MetLife Stadium. Farmers markets across both counties remain at peak season through August.
Scott Selleck's Take
St. Ann's was a fantastic send-off to July's festival season, but Northern NJ does not slow down in August. The Japanese Food Festival at Overpeck this Saturday is one of my favorite cultural events on the calendar. And today's Amendment 3 hearing in Florida wrapped with both sides asking the judge to decide the case without a trial — no ruling yet, but this is now the single most important policy development to track for anyone considering a NJ-to-FL move. I will update the moment the decision comes in. If you are thinking about buying, selling, or relocating, now is the time to have a clear strategy. Book Your Free Discovery Call and let us walk through your numbers.
Market Update — July 24, 2026
Previous1. Freddie Mac PMMS Released — 30-Year Fixed at 6.58%
Freddie Mac's Primary Mortgage Market Survey released yesterday, July 23, showed the 30-year fixed-rate mortgage averaging 6.58%, up slightly from 6.52% the prior week and 6.55% on July 16. The 15-year fixed stands at 5.87%. Rates remain in the mid-six-percent range where they've hovered through most of July. For buyers and sellers in Bergen and Hudson Counties, this rate level keeps well-qualified buyers active while sidelining rate-sensitive purchasers — reinforcing the advantage of well-priced, move-in-ready homes.
2. St. Ann's Italian Festival in Full Swing!
Hoboken's 116th annual St. Ann's Italian Festival is in full swing through July 26 at St. Ann's Church, 704 Jefferson Street. One of the largest Italian street festivals in the country — live music, carnival rides, zeppoles, sausage and peppers, and Italian pastries packing Jefferson Street each evening. Tonight (Friday) and Saturday night are the biggest crowd nights. If you haven't been yet, this weekend is your chance before it wraps up Sunday.
3. Fort Lee Summer Concert & Movie Series — Tonight!
Song Sung Blue screens tonight, Friday July 24 at the Jack Alter Community Center, 8:30 p.m. (rescheduled from Thursday). Free outdoor screening — bring a blanket and chairs. F1: The Movie follows on July 30. The Fort Lee Summer Concert Series continues with Erich Cawalla & The Uptown Band on Tuesday, July 28 at 7:30 p.m.
4. Weekend Events Across Bergen & Hudson Counties
This weekend is packed across both counties. Friday July 24: Swingadelic at Overpeck County Park Amphitheater (7 p.m.), Sinatra Summer Concert Series in Hoboken's Sinatra Park, and Family Fun Night at the Hoboken Farmers Market. Saturday July 25: Franklin Lakes Midsummer Farmers & Artisan Market, Hoboken Waterfront History Kayak Tour, continued St. Ann's Festival. Sunday July 26: Music at the Barn at the Wortendyke Barn Museum in Paramus — the Matt Chertkoff Trio with Houston Person performs at this unique historic venue. Farmers markets in full swing across Ridgewood, Fort Lee, Cliffside Park, and Hoboken.
5. Florida Amendment 3 Hearing — Concluded July 29
The Florida Amendment 3 hearing took place on Wednesday July 29 before Judge Angela Dempsey. Three consolidated lawsuits were argued. Attorneys for the plaintiffs contended that the ballot title and summary were misleading and functioned more like a campaign slogan than a neutral explanation. Both sides asked the judge to decide the case without a trial. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. No ruling has been issued yet. The potential expansion of the homestead exemption to $250,000 is the most significant financial incentive on the table for NJ homeowners considering a Florida move. I will update as soon as the decision comes in.
Scott Selleck's Take
Two things to watch this week. The PMMS came in at 6.58% yesterday — rates are stabilizing in the mid-six-percent range, which is manageable for well-qualified buyers but keeps the pressure on for rate-sensitive purchasers. The bigger story is next Wednesday's Florida Amendment 3 hearing, which could fundamentally reshape the math for NJ-to-FL relocators. And this weekend, Northern NJ is at its best — St. Ann's Festival in Hoboken, Swingadelic at Overpeck Park, farmers markets at peak season. If you're thinking about buying, selling, or relocating, now is the time to have a clear strategy. Book Your Free Discovery Call and let's talk through your numbers.
Market Update — July 22, 2026
Previous1. St. Ann's Italian Festival Underway!
Hoboken's 116th annual St. Ann's Italian Festival launched Wednesday July 22 and runs through July 26 at St. Ann's Church, 704 Jefferson Street. One of the largest Italian street festivals in the country, with live music, carnival rides, zeppoles, sausage and peppers, and thousands of visitors packing Jefferson Street. The biggest crowds come Friday and Saturday night — don't miss it.
2. Bergen County Market Data — Mid-Year Snapshot
The most recent Realtor.com data shows Bergen County's median listing price at $799,000 as of mid-July, with 2,261 active listings — up 11.2% year-over-year. Homes are spending a median of 24 days on market, and sellers are receiving an average of 112.4% of list price. Active inventory at 2.3 months of supply keeps conditions firmly in seller's market territory, especially in the $500K to $900K range where buyer demand is most concentrated. The Bergen County market update for August breaks down what these numbers mean for the remainder of the summer.
3. Hudson County — Mixed Signals by Property Type
Zillow's latest data puts Hudson County's average home value at $638,652 (up 0.8% YoY) with homes going pending in about 35 days. However, the June 29 market report from the Rakela Team shows diverging conditions: Studio/1BR and 3BR properties in Jersey City Heights have shifted toward a buyer's market, while 2BR, single-family, and multifamily homes remain in a seller's market. Condos in Hudson County continue to command a premium, with median prices reaching $750,000 — an 18.6% jump. For buyers, this means the type of property you target matters more than ever for negotiating leverage.
4. Freddie Mac PMMS — Released July 23 at 6.58%
The Freddie Mac Primary Mortgage Market Survey released July 23 showed the 30-year fixed at 6.58%, up slightly from 6.52% on July 17. The 15-year fixed stands at 5.87%. With wholesale inflation cooling (June PPI dropped 0.3%) and the market-implied July Fed hike odds down to roughly 15-16%, rates are stabilizing in the mid-six-percent range — keeping well-qualified buyers active through the summer peak.
5. Florida Amendment 3 Hearing — July 29
The Florida Amendment 3 hearing before Judge Angela Dempsey is set for July 29. Three lawsuits have been consolidated. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 is the most significant financial incentive on the table for NJ homeowners considering a Florida move. For anyone planning a 2026 or early 2027 relocation, the outcome of this hearing could substantially reshape the financial case.
Scott Selleck's Take
Rates are stabilizing in the mid-six-percent range, which is manageable for well-qualified buyers. The bigger story is next week's Florida Amendment 3 hearing — it could fundamentally change the math for NJ-to-FL relocators. And this weekend, don't miss St. Ann's Festival in Hoboken or the summer concerts at Overpeck Park. If you're thinking about buying, selling, or relocating, the data is moving in your favor for well-informed planning. Book Your Free Discovery Call and let's talk through your numbers.
Market Update — July 20, 2026
Post-World Cup1. World Cup Wraps Up — Regional Impact Assessment
The FIFA World Cup Championship Final at MetLife Stadium took place yesterday, July 19, bringing a historic month to a close. Early reports indicate strong economic impact across Bergen and Hudson Counties, with restaurants, hotels, and transit services seeing significant uptick. For the real estate market, the tournament's global spotlight has generated sustained buyer interest from out-of-state and international audiences who were introduced to Northern NJ through the event. If you're selling, the post-World Cup buzz translates into buyer curiosity that should carry into August.
2. Mortgage Rates — Freddie Mac PMMS Preview
The next Freddie Mac Primary Mortgage Market Survey releases on Thursday, July 23. After the July 17 reading of 6.52% (30-year fixed), all eyes are on whether rates continue to stabilize following the cooling PPI and CPI prints from mid-July. A flat or declining rate keeps qualified buyers active through the summer.
3. Florida Amendment 3 — Hearing July 29
The Florida Amendment 3 hearing remains set for July 29 before Judge Angela Dempsey, consolidating three lawsuits. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. With the hearing just over a week away, this is the single most significant policy development to track for NJ homeowners considering a Florida move. The potential expansion of the homestead exemption to $250,000 would substantially reshape the financial case for relocation.
4. Summer Events Peak — St. Ann's Italian Festival Starts Wednesday
The summer event calendar remains packed. St. Ann's Italian Festival in Hoboken runs July 22–26 (116th annual), the Fort Lee Artisan Night Market is August 8, La Festa Italiana in Jersey City runs August 5–9, and Saint Rocco's Feast in Glen Rock runs August 7–11. These events continue to draw visitors to our communities and showcase the quality of life that makes Northern NJ a great place to live. Farmers markets across Bergen and Hudson Counties are at peak season with the best local produce of the year.
Scott Selleck's Take
The World Cup put our communities on a global stage and the impact is real. I'm hearing from buyers who first learned about towns like Fort Lee, Jersey City, and Hoboken through World Cup coverage and are now seriously exploring a move. If you're a seller, the buzz carries into August — but pricing it right from day one still matters. For anyone considering Florida, circle July 29 on your calendar — the Amendment 3 hearing could reshape the financial equation. And don't miss the summer events: St. Ann's starts Wednesday, and there's no better way to experience a community than at its street festival.
Market Update — July 17, 2026
Previous1. Freddie Mac PMMS — July 17 Release at 6.52%
The Freddie Mac Primary Mortgage Market Survey on July 17 showed the 30-year fixed rate averaging 6.52%, up slightly from 6.49% two weeks earlier. The latest reading on July 23 came in at 6.58%. Rates remain in the mid-six-percent range where they've hovered through most of July. For buyers and sellers in Bergen and Hudson Counties, this rate level keeps well-qualified buyers active while sidelining rate-sensitive purchasers — reinforcing the advantage of well-priced, move-in-ready homes.
2. World Cup — Post-Event Assessment
The FIFA World Cup Championship Final took place July 19 at MetLife Stadium, bringing a historic month to a close. The event put Northern NJ in the global spotlight. For the real estate market, the World Cup drove unprecedented foot traffic through towns like Fort Lee, East Rutherford, and Jersey City — exposing visitors from around the world to the region's quality of life. Early reports indicate strong economic impact and sustained buyer curiosity that should carry into August. Normal traffic patterns have resumed across the Meadowlands corridor.
3. Bergen County Inventory Update
Active listings in Bergen County rose to 1,549 in May, up 20.45% year-over-year from May 2025 — the largest inventory jump in recent history. The median sale price for all property types is $788,000 (up 4.7% YoY), with median price per square foot at $458 (up 6.9%). Hudson County's Zillow Home Value Index stands at $638,652, with condos posting an 18.6% jump in median price to $750,000. Buyer demand remains solid, particularly for well-located, turnkey properties.
4. Florida Amendment 3 — Hearing July 29
Florida Amendment 3 hearing is set for July 29 before Judge Angela Dempsey, consolidating three lawsuits. State economists project $5B in local revenue losses in 2027 and $10.75B by 2031 if the measure passes. The potential expansion of the homestead exemption to $250,000 is the single most significant financial incentive for NJ homeowners considering a Florida move. I'm tracking this closely and will update as the hearing unfolds.
Scott Selleck's Take
We're in an interesting moment. Rates are stabilizing after a volatile spring, inventory is up year-over-year for the first time in a long while, and the World Cup has brought thousands of visitors to our communities. For sellers, the data still favors you — but price it right from day one. For buyers, more inventory means more choices, but the good homes still go fast. And for anyone considering the NJ-to-FL move, the Amendment 3 hearing at the end of July is a date to circle on your calendar.
Market Update - July 16, 2026
1. Wholesale Prices and Fed Outlook
June PPI dropped 0.3%, the largest wholesale-price decline in 14 months, confirming Tuesday's soft CPI print and pushing market-implied July Fed hike odds down to roughly 15-16% (from ~50% on Monday). Treasurys bull-steepened; the 10-year fell to 4.55%.
2. Mortgage Rates
Mortgage rates are still climbing on the lender side despite the friendlier macro tape: MBA's weekly survey hit 6.65%, the highest in nearly a year, and homebuyer applications paused. Zillow's marketplace showed 30-yr at 6.46%.
3. Pending Sales Activity
Northeast pending sales are up +7.3% YoY at Greater Bergen Realtors, and Realtor.com pending sales are up +6.3% YoY nationally through July 5 — the largest gain since mid-May. The Bergen County market is showing real demand despite higher rates — well-priced inventory is still moving fast.
4. Florida Amendment 3 Update
Florida Amendment 3 hearing is locked in for July 29 before Judge Angela Dempsey (three consolidated lawsuits). State economists project $5B in 2027 and $10.75B by 2031 in local revenue losses if the amendment passes. This is significant for anyone considering a move to Florida — property tax policy could shift substantially.
Scott Selleck's Take
What this means for Bergen County buyers and sellers: Wholesale prices cooling gives the Fed room to pause, but mortgage lenders aren't passing that along yet, rates are still climbing on the ground. If you're a buyer, lock when you can. If you're a seller, well-priced homes are still moving, but the window of peak affordability may be narrowing.
Citizens' Next Personal-Lines Rate Filing
WatchDecember 2025's filing already produced meaningful cuts to Citizens personal-lines rates — the first significant premium relief in years. Now the question is whether that momentum continues into 2026 H2.
For Bergen and Hudson County homeowners weighing a move to Palm Beach or Broward, Citizens' pricing trajectory is the clearest leading indicator of whether Florida homeownership costs are stabilizing. A further rate reduction in the second half of the year would sharpen the affordability case for buyers who've been waiting on insurance costs before pulling the trigger.
Why it matters: Every basis point of Citizens premium relief widens the gap between Bergen County carrying costs and Florida living costs.
Freddie Mac PMMS — Released June 25
ReleasedThe Freddie Mac Primary Mortgage Market Survey released Thursday, June 25 showed the 30-year fixed at 6.49% and the 15-year fixed at 5.84%. This is now the baseline for Q3 rate expectations. The next PMMS release (late June / early July) will confirm whether rates are trending flat or moving — critical for anyone locking a mortgage this summer.
For sellers in Fort Lee, Leonia, or Teaneck, a flat or declining rate environment brings fence-sitting buyers back to the market. For buyers eyeing South Florida, lower rates combined with Florida's homestead exemption math make the affordability case sharper.
Why it matters: This PMMS release sets the baseline for Q3 mortgage planning — locking, floating, or waiting all hinge on the most recent read.
Realtor.com Weekly Housing Trends
Week Ending June 20Realtor.com's weekly housing trends report for the week ending June 20 provides a near-real-time snapshot of active inventory, new listings, price reductions, and days on market — nationally and by metro.
This is the report that tells you whether the Northeast housing market is still running hot or starting to cool. For Bergen County sellers, it's a pricing reality check. For buyers relocating south, it signals whether NJ homes are moving fast enough to affect your timeline.
Why it matters: Weekly data moves faster than monthly — it catches shifts before they show up in the lagging indicators.
Florida Amendment 3 — Ballot Language Finalization
Policy WatchFlorida's Amendment 3 — which would expand the homestead exemption to $150,000 in 2027 and $250,000 in 2028 — is approaching final ballot language. The exact voter-facing wording will shape how Floridians understand the measure, and that framing directly affects relocation conversations.
If the language clearly communicates the property tax savings, support tends to increase. For Bergen County homeowners considering the move, the ballot language will determine how much "headline appeal" the exemption carries in conversations with family, financial advisors, and CPAs during the decision window.
Why it matters: Ballot language shapes perception — and perception shapes whether clients act on the January 1, 2027 residency deadline.
Bergen County Q2 Close-Out Data
Expected ShortlyBergen County's Q2 close-out data is expected any day now — and it's the number that answers the biggest local question: did the pending-sales surge of spring translate into closed-sale strength?
Pending sales tell you intent. Closed sales tell you reality. If Q2 closings confirm the momentum, it validates pricing for summer sellers in Fort Lee, Englewood, and Teaneck. If they lag, it signals buyers hesitated at the finish line — and that has implications for pricing strategy heading into the second half of the year.
Why it matters: For NJ-to-FL relocators, a strong Q2 close rate means you can price your NJ home confidently and plan your Florida purchase with clarity.
Florida Real Estate Law Changes — Effective July 1, 2025
Now In EffectSeveral Florida Realtors-backed bills signed into law during the 2025 session took effect July 1, 2025. These changes touch condo transactions, flood risk disclosure, tenant protections, insurance claim deadlines, and electronic communications — all areas that directly matter to anyone relocating from Northern New Jersey to Florida.
Here's a breakdown of the major changes and what they mean in practical terms for Bergen and Hudson County residents who've recently moved — or are planning a move — to the Sunshine State.
1. Condo Reserve Study Deadlines Extended (HB 913 & HB 393)
Florida extended the deadline for Structural Integrity Reserve Studies (SIRS) to December 31, 2025. The law also narrowed the requirement to buildings with three or more habitable stories (instead of all three-story buildings) and allows condo boards to temporarily pause reserve contributions under certain conditions — such as after a natural disaster or while redirecting funds to critical repairs identified in a milestone inspection.
Who it affects: Buyers and sellers of Florida condominiums, condo association boards, and anyone evaluating a condo purchase as part of their NJ-to-FL transition.
What to do: If you're buying a condo in Boca Raton, Deerfield Beach, or anywhere along the coast, your Florida REALTOR will now use updated Florida Realtors/Florida Bar contract forms (like CR-7) that reflect these extended document review periods. Make sure your agent is walking you through the SIRS and milestone inspection reports before closing — they're the single most important document set for older condo buildings.
2. Flood Risk Disclosure for Tenants (SB 948)
Landlords are now required to provide existing seller flood disclosures to tenants at or before signing a lease for one year or longer. This also applies to condo developers, cooperative developers, and mobile home park owners.
Who it affects: Renters relocating to Florida, landlords, and developers. If you're renting while you sell your NJ home and get settled in Florida, your landlord must now disclose the property's flood history — a critical piece of information in South Florida.
What to do: If you're renting before buying in South Florida, request the flood disclosure before signing your lease. Don't skip it — understanding a property's flood history can save you from costly surprises during hurricane season. This is especially relevant in coastal communities like Fort Lauderdale, Pompano Beach, and Boynton Beach.
3. Modified Hurricane Claim Deadlines (SB 7052)
Senate Bill 7052 modifies the deadlines for submitting property insurance claims related to hurricane damage. The specifics change how and when homeowners must file claims after a named storm — a process that's been a point of confusion for years.
Who it affects: Current Florida homeowners and anyone purchasing a home in a hurricane-prone area.
What to do: If you've already made the move, review your homeowner's insurance policy and understand your claim-filing windows. If you're still in the planning stage, make sure your insurance advisor walks you through the updated claim process before you close. This ties directly into the broader insurance landscape covered in our Florida Insurance & Homestead Update.
4. Electronic Notice Delivery Rules
Under the new rules, notices in real estate transactions are considered delivered when sent — unless they are returned as undeliverable. The sender must maintain a copy of the electronic notice and evidence of its transmission.
Who it affects: Everyone involved in a Florida real estate transaction — buyers, sellers, agents, and attorneys.
What to do: If you're managing a long-distance closing (which is common for NJ-to-FL relocators), ensure all critical notices are sent via email with read receipts or through your closing attorney's document system. Keep a copy of every communication — the burden of proof is on the sender.
5. Squatter Removal for Commercial Properties (SB 322)
Florida streamlined the process for removing squatters from commercial properties, allowing owners to file complaints with the sheriff for immediate eviction, increasing penalties for property damage, and preventing fake property listings.
Who it affects: Primarily commercial property owners and investors. While this is less directly relevant to residential relocators, it's worth noting for anyone considering investment properties or commercial space as part of a Florida transition.
Why it matters: For anyone relocating from Bergen County to Florida — whether you're buying, renting while you settle in, or investing — these laws reshape the transaction landscape. Flood disclosures protect renters, condo rule changes affect purchase timelines, and insurance claim procedures change how you plan for hurricane season. I walk every client through these changes as part of the pre-move advisory process.
The Big Picture
These six developments aren't abstract — they directly affect the numbers and the process on your move. Mortgage rates determine your borrowing cost. Citizens' filings affect your carrying cost in Florida. Bergen County closings determine your selling price. Amendment 3 ballot language shapes the long-term tax story. And Florida's new law changes reshape how condo purchases, flood disclosures, insurance claims, and transaction communications work. I track every one of these releases as part of my advisory process.
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By Scott Selleck | The Selleck Group
Licensed in NJ & FL · KW City Views Realty · (201) 970-3960
Full analysis
Market Watch: Five Data Points to Track This Week — Full Article
Deep dive
Florida Insurance & Homestead Update: What NJ-to-FL Relocators Need to Know
Related
NJ to Florida Relocation Guide: What Bergen County Homeowners Need to Know in 2026
More resources
Florida Living Guides — Cost of Living, Moving Process & School Districts