The Bergen County real estate market is showing clear signs of change as we move into spring 2026. When we look at a range of recent market indicators, it is evident that competition is heating up again and that timing has become more important than ever for both buyers and sellers.
One of the most noticeable changes is the speed of home sales. The median number of days a property stays on the market has dropped from 70 days to 42 days, meaning the time it takes to go under contract has been reduced by approximately 40%. Just one season ago, many homes were sitting on the market for months. Now, more properties are finding buyers within just a few weeks.
Another important indicator, the Market Action Index, which reflects the balance between supply and demand, has also increased from 41 to 42. In general, a reading above 30 indicates a seller’s market, and this upward move suggests that the market is becoming even tighter and more competitive.
A decline in housing inventory is also becoming increasingly clear. Active listings in Bergen County have decreased from 579 homes to 567 homes. While this may seem like a small numerical change, it reflects a meaningful reduction in available supply. As buyers have fewer options to choose from, competition for desirable homes is becoming more intense.
Buyer activity, which had slowed somewhat during the winter months, is also picking up again. This trend is especially noticeable in areas with strong Korean-American demand, such as Fort Lee, Leonia, Edgewater, Cliffside Park, and Tenafly. Recently, open houses have been drawing larger crowds, and multiple-offer situations are becoming common once again.
Another noteworthy point is that price reductions remain very limited. Only about 10% of active listings have lowered their asking prices. This is a clear sign that sellers are regaining leverage in the market. In other words, underlying demand remains strong enough that most sellers do not feel significant pressure to reduce their prices.
Meanwhile, the share of relisted homes—properties that failed to sell and were later put back on the market—stands at only 12% of total active inventory. Historically, a high relisting rate can indicate a weaker market. By contrast, the current low percentage suggests that most homes are selling successfully on their first attempt.
Taken together, Bergen County is now entering a classic supply-constrained market, where inventory is shrinking while buyer activity is increasing. Unless there is a significant wave of new construction or a major increase in seller activity, this market dynamic is likely to continue throughout the spring season.
Real estate professionals believe the next 60 to 90 days will be especially important. For sellers, listing a home in the current market may bring faster offers, stronger negotiating power, and less pressure to make concessions. For buyers—especially first-time homebuyers and families focused on top school districts—the window to act before prices rise further may be narrowing.
The market is clearly changing.
If you are thinking about buying or selling in Bergen County, it is more important than ever to understand these spring market trends and approach the market strategically.
About Richard Choi
Richard Choi is a Korean-speaking Realtor in New Jersey serving Palisades Park, Fort Lee, Englewood Cliffs, Leonia, Cliffside Park, and surrounding Bergen County communities. He helps buyers, sellers, investors, landlords, and tenants with residential, commercial, and business real estate.
Clients searching for a New Jersey Realtor, Bergen County Realtor, Palisades Park Realtor, Fort Lee Realtor, or Korean Realtor in New Jersey can count on Richard Choi for clear communication, local market knowledge, and practical guidance in both Korean and English.
Whether you are buying your first home, selling a property, relocating, investing, or trying to better understand the New Jersey real estate process, Richard Choi provides step-by-step support with professionalism and personal attention.
Richard Choi
New Jersey Realtor
Bergen County Korean Realtor
Palisades Park | Fort Lee | Englewood Cliffs | Leonia | Cliffside Park