Local Market Trends Upward - 06/14/09 12:38 PM
May turned out to be an even better month than April, which was 10% behind April of last year in sales activity. As you can see below, May was almost exactly on par with last year in terms of the number of homes going under contract.
The coming months continue to be difficult to predict, as there are conflicting trends. Mortgage rates have climbed considerably, yet the inventory of homes on the market is lower than it was last year at this time.

 
Northwest Bergen County single family homes. Source: NJMLS. Information deemed reliable but not guaranteed.
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Michael Shetler (Keller Williams Village Square Realty)

Michael Shetler

Glen Rock, NJ

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Keller Williams Village Square Realty

Address: 257 E Ridgewood Ave, Ridgewood, NJ, 07450

Office Phone: (201) 445-4300

Cell Phone: (201) 421-0506

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Observations and analytics on the real estate market in Bergen County, northern New Jersey. Special focus on Ridgewood and northwest Bergen. All facts and figures based on NJMLS. Info deemed reliable but not guaranteed.


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