Bergen County Market Report – 1st Quarter 2015
Below you find some great information on the real estate market in Bergen County, NJ. You will also find detailed reports on each of the 70 municipalities in Bergen County. Each report contains market stats, available properties, pending properties, and sold properties.
Overall the market underperformed this quarter as most indicators are trending the wrong direction in comparison to the first quarter of 2014.
|Total Sold||Average Sold||Median Sold||Days on Market||Inventory|
|1st Q 2014||950||$572,861||$444,250||94||2816|
|1st Q 2015||1006||$530,376||$426,000||89||2701|
The 1st Quarter may not have performed well but March 2015 did well against February 2015 and March 2014. Bitter cold temperatures and high snowfall may have played a factor in totals dropping. With warmer weather ahead and a healthy market we should see rising numbers in the 2nd Quarter.