The February data for Bergen County shows a very mixed picture. While the volume of sales is clearly down across the board, the median sales price actually rose somewhat in northwest Bergen while sinking in the County as a whole. And the number of homes on the market, the most significant factor in determining near term home prices, actually fell across Bergen. So while the national economy continues to looks bleak, the local housing market is showing some resiliency.
source: NJMLS. Information deemed reliable but not guaranteed.
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