Is Bergen County NJ Still a Hot Market in 2025? | Real Estate Update

Описание: Is Bergen County, NJ still a hot real estate market in 2025? Get the latest insights and a comprehensive update on the Bergen County housing market from June 2015 to June 2025! [0:00]

In this video, I break down the key real estate metrics for single-family residential homes in Bergen County, New Jersey, providing a deep dive into what's happening on the ground and what it means for buyers and sellers. As a local real estate agent, I offer my unique perspective on current trends and future outlooks.

Key Data & Trends Covered in this Update:

New Listings (June 2015-2025): Discover the significant decline in new homes hitting the market, from a peak of 1349 in 2020 to 714 in June 2025. [0:32] Learn why homeowners are staying put and how this impacts inventory.

Total Active Listings (June 2015-2025): While 2023 saw a low of 954 active listings, we've seen a slight uptick to 1952 in June 2025. [1:32] However, this is still far from pre-pandemic levels, leading to limited choices for buyers.

Number of Closed Sales (June 2015-2025): We're seeing the lowest number of closed sales in a decade for June, with only 506 in 2025. [2:34] Understand why even with fewer new listings, active listings are building up, and how this impacts sales.

Median Sold Price (June 2015-2025): The median sold price continues its upward trajectory, reaching $872,500 in June 2025, with no down years in sight. [3:25] I explain how competition for turnkey and entry-level homes is driving prices.

Average Days on Market (June 2015-2025): Homes that are move-in ready are still getting scooped up quickly, with an average of 29 days on market in June 2025. [5:12] Find out why this trend continues downwards.

Months of Inventory (Absorption Rate): For the first time in a while, months of inventory has ticked up to 4.0 in June 2025. [5:59] This is a crucial indicator for potential shifts in buyer power!

My Personal Insights & Advice:
I discuss the "golden handcuffs" effect, offer advice on when to consider a lowball offer, and highlight the unique demand for Bergen County due to its proximity to New York City and excellent school systems. [6:44] Learn why investing in non-turnkey properties in good locations might be a smart move right now.

If you're looking to buy or sell in Bergen County, New Jersey, or have questions about the local real estate market, don't hesitate to reach out! I'm here to help you navigate this dynamic market and find the best fit for your needs.

Connect with me for personalized real estate assistance:
https://www.tsellnj.com/

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