Bergen County real estate home sales continue to improve over last year. Inventory at March 31, 2009 for residential sale in Bergen County 4160 Homes. At the end of March 2010, it was 3724 active listings, about a 9.5 percent decrease. Under Contract for the same year over year 548 vs 392, about a 40 % increase in 2010, a three year high. Along with a clear change in psychology, this market is moving. If things are prices to sell they will get multiple bids. There are people now buying in the intermediate high end $1,000,000-$3,000,000. Although still challenged by the Jumbo mortgages requirements, sales are coming along. Short sales are still hard, however new legislative rules may unclog the market.
March vs March
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Richard
REMAX Real Estate Associates-Richard Stabile- Realtor-Builder-Developer
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Data source NJMLS deemed reliable not guaranteed.
Richard - Very impressive and encouraging stats for Bergen County ! Great news !!