Cooler fall temperatures have considerably affected the once booming Bergen County housing market, leading to slower sales and longer average days on the market amidst price drops.
The Altos Research Market Action Index indicates a cooling market in Bergen County, reflecting drops in buyer frenzy and longer days for property sales.
While homes under $600,000 continue to sell quickly with 7-10 days on market, properties above $1 million are experiencing longer sales and increased price reductions.
Local agents note that well-priced homes still attract significant interest, showing that affordability remains key amidst the market's cooling dynamics.
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