Bergen County market Update – 2/23/2024

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Jay Costa

Agent
Investor
Builder

New & Active Listings Stalled

The amount of new listings coming on the market in Bergen County has flat-lined in the past 2 weeks.

The other interesting part though, is that the amount of active listings has somewhat flat lined as well at the same time.

Keep in mind, that this is a very small sample size, but I believe this is because of the mortgage rates increasing back over 7% after the most recent inflation data came back hotter than expected.

It is very hard to predict where mortgage rates are or will go on a day to day basis, but it seems like that sudden spike made some sellers, as well as buyers, hold off temporarily.

As always I will keep an eye on the market to see if anything changes.

820 Kingsland Ln. Update

In the mean time, 820 Kingsland Ln in Fort Lee now has kitchen cabinets and bathroom vanities being installed and the stucco outside has been completed.
 

If you would like to learn more about 820 Kingsland click the link HERE.

 

As always, if there is anything I can ever do to help you, please call, text, or reply to this email.


-Jay

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Jay Costa
eXp Realty
201-429-5535
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