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If you have been keeping an eye on these charts, you knew it was just a matter of time for Bergen County to break this record number. Being that inventory is virtually identical to last years lows, it's no wonder the this new high happened this early in the market.
As for the other county's, you can see prices keep rising regardless of inventory movement. Almost every town I preview has just a handful of homes for sale at a time. Each of these homes, as long as they are priced correctly, will have lines out the door and multiple offers that exceed the market value.
I'm still waiting on the new data for May, but as I mentioned before, the US surpassed it's high in April and New Jersey is right behind it. Seeing these numbers above, I think it's obvious we will reach a new high when the May report comes out.
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