Wednesday, May 10, 2006

Eastern Monmouth MLS at 3970

Last week there were 3900 houses listed for sale on the MLS for eastern Monmouth County, NJ. It looks like the listings should climb past the 4000 level by the weekend. For new readers of this blog, or for those of you that have just discovered the housing bubble, it’s important to note that the increase in listings is occurring all over the country and not just at the Shore. Some of the other blogs, the links of which can be found on the side, have some very good information regarding the market for real estate in certain specific areas.


Anonymous mrdenis said...

Need to keep house payments low? Try a 50-year mortgage this should keep the housing aloft for a while ....

Thursday, May 11, 2006 11:57:00 AM  
Blogger lindsey said...

The numbers continue to move north and the pace appears steady if not accelerating.

Any luck on historical data before last June.

I've been watching Monmouth/Ocean since September and the growth in listings this year is pretty strong.

For the first time S. Monmouth topped 1,000 on Wednesday and Ocean Cty is closing in on 6,400.

Please keep an eye out for a builder cancelling a project. When that happens the collapse is as official as it gets. (I'm talking local here)

Thursday, May 11, 2006 2:31:00 PM  
Anonymous Anonymous said...

Just spke to an Atlantic County Realtor yesterday (Remax). She said shore property sales in her area were off significantly this year. "The buying season is really Easter to Memrial Day and people have been dropping prices by $10k per month." She also noted that Brigantine had 700 listing this year vs. 400 same time last year. She is welocming this trend, saying it will weed out a lot of "amateurs and part-timers."

Thursday, May 11, 2006 4:07:00 PM  
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