Wednesday, March 22, 2006

Eastern Monmouth MLS at 3434

Last week there were 3373 homes listed for sale on the MLS for eastern Monmouth County. Unless the number of new home sales are even worse than they appear, I think the inventory number will peak in about a week or two just from seasonal effects alone. However, the spring selling season is clearly going to be short lived and we are probably going to head into the slow summer months with record numbers of homes for sale.

6 Comments:

Blogger lindsey said...

Inventory in E. Monmouth has climbed, but W. Mon and Ocean County are exploding. S. Mon hit an all time high since Sept. of last year.

The MLS for the two counties combined passed 12K on March 20.

Thursday's #s

E. Mon 3438
W. Mon 2067
S. Mon 902 (first time over 900)
Ocean Cty 5727

On March 15 Ocean was at 5498

Thursday, March 23, 2006 3:01:00 PM  
Anonymous Anonymous said...

I think your wrong about numbers peaking in a week or two.

Sales activity may pick up a bit, but I would wager that there will be more homes listed in on the 15th of each month for the next three at least.

If listings go up in July and August, there will be problems people can no longer paper over by November.

2007 looks very scary.

Friday, March 24, 2006 10:01:00 AM  
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