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Bergen County Real Estate Market Update – February 2017

Bergen County Real Estate Market Update – February 2017

The Bergen County Real Estate Market is still in a strong seller’s market as inventory continues to drop.  This month we actually saw a 28% drop in inventory compared to February 2016.  This is what we have been seeing over the past months as buyer interest stays steady but new homes are simply not hitting the market.  If this continues we will see larger increases in prices as buyers fight over the available inventory.  To create a more healthy market we need more sellers to bring inventory levels up.

The Gibbons Team are residential real estate agents based in Oradell, NJ with RE/MAX Real Estate Limited.  They serve all of Bergen County form Oakland to Fort Lee.  In business for over 25 years they bring a passion for the business and always strive to provide the highest level of customer service to all of their clients.  Their 5 Star Reviews are evidence of why so many choose the Gibbons Team when looking for an area REALTOR.

To learn more about the market or schedule a free consultation contact us today!

Elaine Gibbons  201-446-3467

Ryan Gibbons 201-446-8190

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