Bubble Wrap

Local experts weigh in on market

The Bergen Record invites 3 local experts to comment on the real estate market for the local towns they cover. With so much happening on a national level, buyers and sellers alike are unsure of where the marketing is going, and holding out on making any moves.

“The market is very price-sensitive now, buyers today are looking for value and are worried to overpay,” she said. “Larger inventories give buyers more to choose from, so if they can purchase a house in better condition for that same price, they will.”

To serious buyers, O’Connor suggests they hurry, before the market bottoms out.