From the Record:
Prices of single-family homes fell by an average 13 percent in Bergen and Passaic counties in 2009, according to data from two multiple listing services.
The average price of a single-family home sold in Bergen County in 2009 was about $553,000, down 13 percent from 2008. The median price — the point at which half the prices are above and half below — was $435,000, a 10.3 percent decline from a year earlier. The lower median value reflects the fact that more homes were sold at the more affordable end of the market.
In Passaic County, the average price in 2009 was $330,187, down 12.6 percent.