Inventories Hit 3698 in Eastern Monmouth
By tomorrow morning the number of listings should be above the 3700 level. The number of new listings hitting the Multiple Listing System seems to be on a sharper trajectory within the past two weeks compared to March and February and before that. There also seem to be quite a few FSBO houses out there which are not necessarily counted on the MLS.
The growth in inventory is not just happening at the Shore, its happening in other parts of the country, but most importantly for Shore sellers, in Hudson County and in NYC as well. This chart shows the increase in the number of co-ops and condos for sale in NYC, which can’t be good for our local market.
House sellers are going to have a difficult weekend I suspect since there probably won’t be any open houses on Easter Sunday. Let me know if you do see an open house on Easter Sunday, since that would be a real sign of desperation.
The growth in inventory is not just happening at the Shore, its happening in other parts of the country, but most importantly for Shore sellers, in Hudson County and in NYC as well. This chart shows the increase in the number of co-ops and condos for sale in NYC, which can’t be good for our local market.
House sellers are going to have a difficult weekend I suspect since there probably won’t be any open houses on Easter Sunday. Let me know if you do see an open house on Easter Sunday, since that would be a real sign of desperation.
posted by Little_Silvered at 6:07 PM
1 Comments:
Yup, 3718 today.
Any speculation as to when the number will hit 3800? Where it will peak?
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