Wednesday, November 02, 2005

Eastern Monmouth MLS up to 3097

Last week the count was 3094. The mid-week high was up to 3122.


Anonymous Anonymous said...

Wish we knew the numbers behind the numbers. Sales? Withdrawals? New listings?

Why these numbers are changing is prolly as important as the trend.

On a different note, there's an open house this Sunday at your RUMSON HOUSE. You going?

Thursday, November 03, 2005 1:20:00 PM  
Blogger grim said...

The amazing thing is that outsiders don't realize the value of information in this market. The people with a vested interest in the bubble continuing are the same people that control access to data.

I try my hardest to get the data out to as many people as I can in an attempt to stop them from making a very bad decision.

Unfortunately, I do not have access to the Monmouth MLS system, so I can't help with that.

Here is a summary of the activity we saw up north for October. New Listings seemed to have outpaced sales 2:1. However, there were enough withdrawls and expirations to keep us from seeing another huge spike in inventory in October. There was a spike in sales at the end of the month, likely due to the 'fear factor' of rising rates and being 'priced out forever'. Also, many might have been lured into buying by the price reductions we're been seeing (over 125 reductions a day).

Northern NJ Real Estate Bubble

Thursday, November 03, 2005 1:48:00 PM  
Blogger Little Silvered said...

Maybe I will try to go by that house and maybe try to determine how desperate the sellers are. Since the house has been up for sale since the Spring, they don't look too desperate. IMHO I don't think that house would be worth $500k if it was across the river in Oceanport instead of Rumson.

Thursday, November 03, 2005 6:11:00 PM  

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