BERGENFIELD NJ HOMES FOR SALE | Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

Dated: 10/18/2018

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BERGENFIELD NJ HOMES FOR SALE | Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?


Bergenfield is a borough in Bergen County, New Jersey. 

When making a decision about buying real estate in Bergen County New Jersey, you should consider Bergenfield as one of your top choices. With a strong economy and affordable housing, it has become a very popular place to live. 

Affluence with a taste for old world charm is part of the reason many of Bergen County’s older homes have been carefully preserved for the enjoyment of new residents alike.

The American dream is always changing, and real estate professionals are doing their best to keep informed about an area in order to sell or buy homes. As a Real Estate Agent specializing in Bergenfield NJ, I have identified this market and all its growth over the years, I’m well informed about the changes, schools rankings, amenities, transportation and future construction in all the areas surrounding Bergenfield Homes. 

Today, I would like to share something with you Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?


In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that:


 1.- New listings jumped 8% year-over-year nationally, the largest increase since 2013

 2 .-Total listings in the 45 largest markets are now up 6% on average over last year


This increase in housing inventory has sparked two different reactions. Some are saying this is the first sign of a potential collapse while others are saying it is a welcomed reprieve from the lack of inventory that has stalled the market recently. As Zelman & Associates reported in a recent ‘Z Report’:

“With the rate of home price appreciation starting to decelerate alongside the uptick in inventory, we expect significant debate whether this is a bullish or bearish sign.”


Is this a sign the market might crash?

There are those who look at the increase in inventory as a sign that we are returning to the market we saw last decade. However, a closer look shows that we are nowhere near the levels of inventory we reached before the crash in 2008.

A normal market would have about 6-months inventory, but the latest Existing Home Sales Report issued by the National Association of Realtors revealed that:

“Unsold inventory is at a 4.3-month supply at the current sales pace up from 4.1 months a year ago.”

A decade ago, prices began to rapidly depreciate in June 2007. At that time, we had a 9.1-month supply (more than double what it is today) and inventory kept rising until it hit a peak of 11.1 months in April of 2008.

With the current levels of buyer demand, any such increase in months supply is highly unlikely. As Danielle Hale, realtor.com’s Chief Economist explains:

 “After years of record-breaking inventory declines, September’s almost flat inventory signals a big change in the real estate market. Would-be buyers who had been waiting for a bigger selection of homes for sale may finally see more listings materialize. But don’t expect the level to jump dramatically.

Plenty of buyers in the market are scooping up homes as soon as they’re listed, which will keep national increases relatively small for the time being.”


What will be the result of the increase in inventory?

The increase in inventory will allow many families who had been unable to find a home to finally become homeowners. Again, we quote from the ‘Z Report’:

“In our view, the short-term narrative will probably be confusing, but more sustainable growth and affordability will likely be the end result.”


Bottom Line

If you are either a first-time or second-time buyer who has given up, let’s get together discuss the inventory available in our market.


Source.. KCM Emily Millan Blog


Buying or selling a house in Bergenfield is sometimes complicated and some homeowners would prefer to avoid the hassle and leave it all to a professional agent that will guide you through the process. Allow me to offer these services to you when it comes to Bergenfield NJ . As a experienced Real estate professional, I’m here to take care of all your needs and offer you 100% full relocation assistance to this area.

Please feel free to call me at 646-256-2214

If you have any questions about the Bergen County, NJ don’t hesitate to give us a call at 646-256-2214. We will be happy to help you.

To reach me, please call 646-256-2214

 [email protected]

Thinking of selling your home? 

 HomeValuesInNJ.com 

Call or Text  646-256-2214  for more information. 

Thank You!



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