Last year at this time, Wall Street was in crisis. September saw the failure of Lehman Brothers and the takeover of several large banks. As a result, October home prices were down 21% from a year earlier in northwest Bergen County. But since then prices have come back over halfway - the average price of a single family home is now down only 8.5% from October of 2007.

source: NJMLS. Information deemed reliable but not guaranteed.