Bergen County Properties & Tenafly Homes For sale…Continuing Good News…

Tenafly New Construction - 53 Hamilton Place $1,359,000

Buyers are placing a premium on the purchase of   new homes and, with inventory levels being very thin it is likely that sales of new homes will show stellar increase.

According to NAR  ( National Association of Realtors) new home sales rose in 3.3 percent in April from the prior month and up 9.9 percent from one year ago.  The improvement is roughly in line with the  figure on existing homes.

New housing starts suffered much more than the existing homes market and new home sales are now more likely to see a stronger recovery….

273 Hickory Avenue - Tenafly - Correctly Priced at $549,000

Supporting the feel of recovery  is the Realtors Confidence report. A growing number of respondents indicated a growing number of cases of multiple offers, fewer seller concessions, low inventories, and some increase in buyer interest.  Many respondents noted that correctly priced properties sell quickly.

Potential Favorable News are;

•   Thin Inventories  – of homes for sale
•   Home Affordability – Low interest rates and attractive prices continue to facilitate home purchases
•  Buyers expectations –  that prices may start going up will send more buyers to the marketplace