Bergen County Market Update – 2/9/2024

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Jay Costa

Agent
Investor
Builder

New Listings are Up (slightly…)

As we all know by now, the market is in need of homes to sell (if you have a home or property to sell either on or off market, please let me know or click here. because I am aggressively looking)

The amount of new listings coming on the market has been on a down trend for years now, but as of now, we are actually up around 5% on the amount of new listings compared to this time last year.

This is a change in the positive direction, albeit a very slight one in a limited sample size. I will learn more as we head into the spring to see if we actually see a substantial increase in total new listings coming on the market.

For what it is worth, the median list price on these new listings is up over 10%, which is in line with the increase in median sales price last year.

I will keep you posted on any updates.

 

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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