3189 Houses on the Eastern Monmouth MLS this Week

Last week the count was 3168.

The number of listings on the MLS for eastern Monmouth County, New Jersey increased again. The inventories keep growing in our area and all over the country as house prices become more unaffordable with the rise in interest rates. A sort of “panic listing” seems to have set in but it does not look like “panic selling” has set in yet, as prices still remain high and I doubt many people actually need, as opposed to want, to sell yet. I think that inventories are going to grow over the next few weeks and then maybe level off for a month or two. I’m guessing that by mid-Summer, the first of the “need to sell” owners will start to panic after watching their house languish all Spring, and they will start cutting prices to an extent that will be noticeable.