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Is the market stabilizing is the question on every realtor, seller and buyers mind right now. The answer is it really depends where you are selling and buying. Trends are showing areas close and within major cities such as New York, Philly are doing very well and in some areas prices and units sold are actually rising. Areas which are far away from major employment centers and far away from any mass transit can still be depreciating; but the good news is it seems to be stabilizing somewhat in the New Jersey market and areas that are depreciating are at a slower level. ALL real estate is local so the best advice is to talk to an agent who specialized in your town and county specifically.
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For Sale: $239,000
For Sale: $189,900
For Sale: $569,000