Wednesday, April 26, 2006

MLS for Eastern Monmouth up to 3822

The rate of inventory growth seems to have finally pulled back in the past week. During March and the first two weeks of April, we were seeing about 100 new listings added each week, however, this week, the number of new additions to the MLS seems to have slowed a little. Inventory still continues to grow though and it does not look like the Spring bounce that some were hoping for will be high enough to clear out a significant amount of inventory going into the summer months, when sales are historically slower.

4 Comments:

Blogger Carnival said...

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Thursday, April 27, 2006 7:55:00 AM  
Blogger bairen said...

These prices are crazy. The stock market is flat, probably on its way down. There are no new major employers in the area, skyrocketing prop taxes.

What's wrong with people? Why are they putting themselves into indentured servitude for the pleasure of being house poor in a state that is becoming notoriuos for its use of eminent domain and its incredibly high cost of living?
Is this the cumalitive effect of all those super funds sites doing this?

Thursday, April 27, 2006 7:58:00 AM  
Anonymous mrdenis said...

assuming you are worried about inflation, you wouldn't exactly be giddy about the prospects for bonds, and you probably wouldn't be too enthused about most stocks, either. What does that leave to like? Well, the standard advice in inflationary times has usually been to make sure you own either tangible things -- like REAL ESTATE -- it just that simple

Thursday, April 27, 2006 8:52:00 AM  
Blogger lindsey said...

OK,

This is the last official day for my tracking in April (I don't record on the weekends) and here are the Monmouth/Ocean inventory numbers:

E Mon:3829
W Mon:2296
S Mon: 997
Ocean: 6155

Things are really slowing down. This week listings were up by almost 300 (296 to be exact) more than 2 percent for the week. For the month listings jumped 895, better than 7 percent.

Isn't April supposed to be a big selling month?

If inventories continue to climb in May (and I think they will) June and July will be very ugly for real estate on the Jersey Shore.

Friday, April 28, 2006 1:26:00 PM  

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