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Hey everyone, welcome back to our blog. Today we are here to give you a market update on what's been going on in Bergen County over the last few months. About 1,500 homes have sold, and our Realtors have sold about 50 of them, which is fantastic.
The market is looking great right now for both buyers and sellers. It's a great time to buy, because interest rates are still hovering between 3-4%, which is an incredible rate over a 30-year mortgage. Rates won't stay this low for too much longer.
If you're looking to sell, due to low interest rates and an abundance of buyers, bidding wars are starting to happen more and more frequently. We saw two just this last weekend, with each home getting over 5 bids before it sold. We have found that pricing right on the money the first time is the best way to get multiple offers and bids on your home.
If you have any questions for us, feel free to give us a call or send us an email. We would love to talk to you more about the market. We hope to hear from you soon!
