The Bergen County housing market is showing some positive shifts as we move into the fall season. Mortgage rates have dipped slightly, averaging around 6.5%, which is welcome news for both buyers and sellers after months of higher borrowing costs.
We are also seeing an increase in inventory compared to earlier this year, giving buyers more options than they’ve had in recent months. While the market remains competitive—especially for well-priced homes in desirable neighborhoods—this uptick in available listings is creating new opportunities for those who may have been waiting on the sidelines.
For sellers, pricing strategically remains key. With more homes on the market, buyers have a bit more room to compare, but demand is still strong across Bergen County thanks to our prime location, excellent schools, and vibrant communities.
If you have been considering making a move—whether buying your first home, upsizing, or downsizing—now may be a great time to take advantage of slightly lower rates and a more balanced market.