Wednesday, January 04, 2006

Inventory is Down Again – Eastern Monmouth MLS 2822

The number of listings of houses for sale declined steadily in the month of December as a result of delisting and expirations. As of today, there were 2822 houses listed on the MLS for Eastern Monmouth County down from 2899 last week.

6 Comments:

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Thursday, January 05, 2006 8:50:00 AM  
Blogger lindsey said...

The number actually represents a rise from the bottom I saw on Tuesday when it was 2788.

I was surprised to see it move up that much in a day during what is supposed to be a down time.

The Thursday number is 2839.

Southern Monmouth, W. Monmouth and Ocean Cty are also off lows from the start of the month. SM dipped below 700, but is now at 710 and WM is at 1505 after falling to 1490 on Wednesday.
Ocean is up to 4448 from 4440.

Is this early movement as surprising to you as it is to me? I sure didn't expect 50+ new listings the first week of the year.

Thursday, January 05, 2006 1:51:00 PM  
Blogger Little Silvered said...

I also noticed that the number of listings is growing by the day. I think that a lot of listings probably expired on Dec. 31, and that they are being relisted quickly in the new year.

Thursday, January 05, 2006 6:33:00 PM  
Blogger lindsey said...

Expired, removed and relisted?

Does that relisting translate to a lower price, (but since it's a new listing, without notice that there has been a reduction)?

I would think that a property that has a contract that expires and is quickly renewed never leaves the system, but I don't really know how that works so maybe I'm wrong.

Friday, January 06, 2006 1:14:00 PM  
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