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Bergen County Statistics Show Increase in Sales and Low Inventory Levels

Sales Are UpSingle Family Home Sales in 14 Bergen County Towns January   to June 2013 vs. January to June 2012 is up 13%

Town

2013

2012

%

Tenafly

61

62

-2%

Alpine

8

8

0%

Bergenfield

83

60

38%

Closter

45

41

10%

Cresskill

38

27

41%

Demarest

17

23

-26%

Englewood

62

48

29%

E Cliffs

19

28

-32%

Fort Lee

30

36

-17%

Harrington Park

24

18

33%

Haworth

23

18

28%

Norwood

21

14

28%

Old Tappan

16

18

-11%

Saddle River

17

12

42%

Teaneck

121

102

19%

Total:

585

515

13%

“Home price appreciation……, is increasing ……,” said Anand Nallathambi, president and CEO of CoreLogic.

“Across the country, pent up demand and continued low interest rates are fueling strong demand for a limited inventory of properties.

We expect that trend to continue to drive up prices throughout the balance of the summer months.”

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