Bergen Market Wrap

t's been a heckuva year. With upheaval going on in all sectors of the economy, it will be awhile before the dust settles and we know the bottom of the market is behind us.



As you can see from the table above, the number of sales in December in northwest Bergen is up but prices are down. With sales activity relatively stable, inventory will not climb out of control and throw prices into a tailspin as has happened in other parts of the country. In fact, the New York Times suggests it's a good time to buy in this article.
With the stock market showing stability over the last two weeks and growing confidence in the next administration, there's reason to be hopeful in 2009.
 
Happy holidays.