Bergen County Residnetial Sales Up 42%Vs Same Period Last Year – See Where the Action is

Percentage Change in Sales From A Year Ago By Price Range

As prices continue to rise, more and more homeowners will place their homes on the market for sale. This combined with an improving economy will allow homeowners to again feel confident that they can sell their homes and move on with their future plans.

We are already starting to see increases in listings coming onto the market (unsold inventory is 5.3 percent above a year ago). Once housing inventory reaches normal levels (a 6 months’ supply) we anticipate home sales to continue to increase.

As of the date of this post April 11-2014 , Bergen County Residential Sales are already showing a strong  increase in sales  and especially, in the higher price ranges.

The one price range that is stagnant with minimal activity is that of homes listed for $3 Million and Up.

With regards to the various categories of homes,   new construction sales are ahead of sales of existing homes.

The local numbers are supported also by the National figures as published by the National association of Reactors. (see the chart above)