From the National Association of Realtors:
Metropolitan area / Year over year change in prices
Allentown-Bethlehem-Easton, Pa.-N.J. -10.3 percent
Atlantic City -14.5 percent
New York-Northern New Jersey-Long Island, N.Y., N.J., Pa. -16.3 percent
New York-Wayne-White Plains, N.Y.-N.J. -14.9 percent
Edison -11.2 percent
Newark-Union, N.J.-Pa. -9.7 percent
Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md. -10.5 percent
Trenton-Ewing -20.3 percent
From the APP:
The median price for a single-family home in the area that includes Monmouth and Ocean counties declined 11.2 percent in the second quarter, tough news for sellers but a boost to housing affordability, the National Association of Realtors said Wednesday.
The median price for a house in Monmouth, Ocean, Middlesex and Somerset counties dropped to $331,700 for the second quarter, down from $373,700, the price during the same period a year earlier, the association said. The median price for a condominium dropped to $254,100, down 6.3 percent.
The median price means that half the homes sold for more while the other half sold for less.
Other areas of New Jersey saw steep declines as well. The median price for an existing single-family home in the Atlantic City area fell 14.5 percent while in the Trenton area it dropped 20.3 percent, the association said.
The median price in Essex, Hunterdon, Morris and Union counties fell 9.7 percent while the area that includes Bergen, Hudson and Passaic counties, as well as New York City, dropped 14.9 percent.