While the real estate market remains balanced in most parts of Bergen County, there was a measurable increase in the inventory of available homes in August. The number of months inventory of single family homes rose 10.7% from the previous month*. Even some of the strongest markets experienced a rise. The inventory increased from 2.8 … Continued
The Market Update published by the New Jersey MLS (NJMLS) for December, 2013 shows the number of single family homes on the market is down 20% from a year earlier. The area covered by NJMLS includes Bergen, Essex, Hudson and Passaic Counties. Inventory of condos and townhouses is down even more at -27%. Other telling statistics … Continued
Ridgewood, NJ rang in the new year with just 34 single family homes on the market. That’s down from 65 on the market on January 1, 2013. To put that number in perspective, 315 single family homes sold in Ridgewood in the entire year in 2013. So 34 homes on the market is not many. … Continued
Year to date, the number of homes sold in Bergen County is up 18% over last year. The number of days it took to sell is down 14% to 82 days. And the average sold price is up 5%, according to data from the New Jersey MLS. The recovery from the recession is well underway, … Continued
