LOCAL MARKET INSIDER

Northern NJ

Welcome to the Local Market Insider—your go-to source for the latest real estate trends, home values, and expert insights in Northern NJ. Each month, we break down the numbers in our Market Update video, giving you a clear picture of what’s happening in the housing market. Whether you’re buying, selling, or just keeping an eye on the market, you’ll find valuable tips, trends, and local highlights to help you stay ahead. Check back regularly for fresh insights and the most up-to-date information!

BERGEN BLOG

for Northern NJ

Mansion Tax Hits NJ Sellers | Bergen County Market Breakdown

Elizabeth Banu

Published on: 21/07/2025

The July 2025 market update reveals that Northern Bergen County remains firmly in a seller’s market—though signs of a slow shift are beginning to appear. Homes are taking slightly longer to sell, giving buyers more breathing room while sellers still hold strong negotiating power. This month’s insights also unpack New Jersey’s newly updated mansion tax, which now shifts responsibility from buyers to sellers, potentially impacting luxury pricing across the board. Plus, learn how to take advantage of the Cathy Banu Team’s free exterior photo campaign to boost your home's curb appeal while summer is in full bloom.

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