ARCHIVED BLOG POSTS
2008
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According to Standard & Poor’s/Case-Shiller U.S. National Home Price Index, the inventory of homes on the market stood at 11.2 months at the end of the first quarter, certainly an oversupply. In contrast, Bergen County inventory stood at 9.8 months, also an oversupply but closer to a balanced mar...
05/30/2008
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In early May, Glen Rock Borough Council approved an ordinance governing the size of homes that can be built in the borough. Details can be found on the home page of Glen Rock's official website, http://GlenRockNJ.net. The new standards were adopted in an effort to keep properties from being overb...
05/16/2008
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Sales activity continues to show significant improvement over March levels, according to MLS data. In northwest Bergen County, including Ridgewood and surrounding boroughs, the number of homes under contract is down only 9.1% so far in May. And median sold prices, which were down 10.6% in April a...
05/16/2008
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Average sold home prices in Bergen were down 5.4% from April of last year, while median sold prices were down 10.6%. In March, median prices were down only 1.0% from the previous year. On a positive note, however, homes under contract closed the month with marked improvement. March activity was d...
05/09/2008
Rainer
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Michael Shetler
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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.