I have put together the numbers for Bergen County and frankly, we are better off than most areas of the country as far as real estate sales are concerned. And, for the township of Mahwah, we have faired pretty well --- inventory is DOWN --- 17% compared to first quarter of last year.
Less inventory means that home prices have actually gone UP. Yes, UP. Prices of single famiy homes that SOLD averaged $721,940 last year. And, first Q this year equalled $823,987. Up 14% for the same time period last year.
I have attached a graphic that outlines the details --- so --- you can see that Real Estate is local. And, for Mahwah inventory is down and prices are UP!
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