Wednesday, March 01, 2006

Eastern Monmouth MLS at 3282

Last week the count was 3229

Inventories continue to climb ahead of the "busy" spring selling season. Inventories had actually been higher all week and reached 3318 on Tuesday but fell back to the 3282 level over night. A couple of the other blogs observed an overnight decrease and some have concluded that the decrease from Tuesday February 28, to Wednesday March 1, was due to expired listings being removed from the MLS at the end of the month. This makes sense and I would expect to see a sharp increase in the first week or so of March as those expired listings are re-listed.

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