Wednesday, March 15, 2006

MLS at 3373 this Week

Last week the MLS for Eastern Monmouth County was at 3345. I think we are entering the “busy” selling season. As was pointed out in yesterday’s post that we linked to, the next 60 days will be telling as to what direction the market will head in for the remainder of 2006. Many of the real estate bears, me included, think that sales this spring are going to be lousy and that there is going to be a lot of inventory on the market in the seasonally slow summer months. At that time, people who have to sell will start to drop there asking prices more noticeably than they are now and a buyers market might begin to emerge.

4 Comments:

Blogger pesche22 said...

prices are still high. sellers are in denial .

Thursday, March 16, 2006 7:38:00 AM  
Anonymous Anonymous said...

Hi There,
The Sea Brighter here again. It's been a few months. My last, and first email to you was regarding the 5 units for rent in Runaway Beach for around $1,000+ per month and the two for sale for $325K each.....anyway, got a new local tidbit - The Bayview condo complex in the Highlands. Put in Highlands into realtor.com - there are twelve, countem' twelve condo units in the Bayview complex. There can't be more than 40 units in the entire complex - and I'm being conservative - that means 30% of the units are not only on the market - but they are listed AND posted on realtor.com. Asking prices range from $189K - $240K ! And most of the units have been listed on realtor.com for months. None of them have sold/moved from my casual observation.

Thursday, March 16, 2006 6:11:00 PM  
Blogger RealEstateLu said...

Sellers are in denial for sure, unless they really have to move the prices are still being listed higher. The more luxury homes and the new construction offerings are moving at a snails pace.

Saturday, March 18, 2006 6:36:00 PM  
Blogger lindsey said...

I don't know if you'll be back to check this so late (Monday) but today is a milestone.

I've been tracking Monmouth/Ocean MLS since September and today the combined total passed 12K. The peak in 2005 was around 10,300.

hitting all time highs in my time of checking: E. Mon-- 3413 (first time over 3,400.
W. Mon -- 2039 (crossed 2k on friday)
Ocean-- 5668 (eyepopping It went from 5498 on 3-15 to 5558 on 3-17.)

S. Mon fell two houses from Friday to 893 from 895. You can bank on 900 being topped by Thursday.

Any info on monthly sales?

Monday, March 20, 2006 10:48:00 AM  

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