Posted

Year End Market Analysis Bergen County (NJMLS)

2018 compared to 2017

 

2018 # of Solds             + 0.7%                   (sales pace is slowing)

2017 # of Solds (compared to 2016)           + 4.4%                  (… after a strong prior year)

2018 Median Sold Price + 6.9% (low inventory, pos. economy)

 

2018 Pending Sales     0.0%

Open Houses + 39.5% (slowdown puts pressure on Realtors)

Showings + 0.4% (low inventory, less to show …

Public NJMLS.com Hits + 0.8% … less buyer urgency)

 

Dec. Average Days-on-Market – 1.4% (72d) (still good time to sell in about 2 months)

 

2018 Active Inventory +4.2% (buyers are getting more cautious)