The housing market in Northvale continues to see strong price appreciation, with values up 10.7% compared to last year. Home prices have increased 12.1% in the past month alone. With 2.0 months of supply, Northvale's inventory levels remain relatively tight. Sales volume is down 60% compared to seasonal expectations. Only 0.0% of listings saw price reductions, suggesting sellers are confident in their pricing. Only 0.0% of properties sold above asking price, giving buyers more negotiating power. Affordability remains a significant challenge in the Northvale market with the affordability index at 939.3. Based on current market indicators, home prices in Northvale are projected to decrease by approximately 12.2% over the next month.