Real estate is not slowing down because a lot has changed fundamentally. New Jersey MLS We’ve had low inventory for quite a while. Every year it gets worse. 2020 is is the worst ever. Right now as I write to you, we have 1,910 single family homes on the market for sale. While nearly 2,000 homes for sale might seem like a lot to you, it’s not. It’s roughly half…
Posts Tagged: #Covid19
This Market Is Not Slowing Down
This market is not slowing down. While we had a surge of buyers in June and July, this real estate market is strong for fundamental reasons. Want to know why? Take a moment to read the article I wrote on this So where does that leave you? Let’s start at the beginning The 2020 Spring Market Remember the lock down? Real estate closed along with the rest of the economy. …
Bergen County Market Update Mid April 2020
To do a current Bergen County market update, I have to go back 30 days. If you look at what I wrote about the market on March 25th, you’ll see that we were holding our own. The data from the New Jersey MLS was nearly identical comparing 2020 to 2019. While this was true, I also saw storms on the horizon. Since then things have changed. We began the lock…
