Wednesday, July 19, 2006

Eastern Monmouth MLS at 4511

Last week the count was 4452. The weekly inventory increases seem to be accelerating again. I'm pretty surprised we passed the 4500 mark so quickly. In the third week of July 2005, there were only 2864 homes for sale.

8 Comments:

Anonymous Anonymous said...

Could be that expired listings are being re-listed. You kinda predicted this if I recall correctly.

BTW, I asked my brother (who lives in LS) if "that house around the corner from (him) is still for sale."

He replied "which one? There are three now."

Wednesday, July 19, 2006 11:00:00 PM  
Blogger blogme said...

This comment has been removed by a blog administrator.

Thursday, July 20, 2006 2:02:00 AM  
Blogger lindsey said...

I think you're right about the increases accelerating, though there's only a little data after a slow start to this month. I wonder what the historic pattern for July is, does inventory usually go up?

I now it was up slightly last year, but that was really the beginning of the slowdown.

Anyway, the rest of the county and Ocean also are seeing rising inventory.

W. Mon: 2660 (passed 2700 on 7/21)
S. Mon: 1058
Ocean Cty: 7119

We're well over 15k for the two counties.

Also, I've started to track median list price for SFH on the MLS.

My methodology is not sophisticated, I get the database of SFH for the homes on the each site and go to the page in the middle.

I was a little surprised to see that E.Mon was the lowest in Monmouth, but it makes sense based on the existing inventory of homes.

E.Mon: $479K
W.Mon: $599.9K
S.Mon: $799K
O.C.: $414.9K

Friday, July 21, 2006 11:31:00 AM  
Anonymous Anonymous said...

I was in Barnegat Lighthouse last weekend and it seemed like every other house was for sale!!

Monday, July 24, 2006 1:19:00 PM  
Anonymous Anonymous said...

It's Barnegat Light moron and the number of listings is the same as in 2005 and 2004. If you drank less while driving you wouldn't be seeing double.

Monday, July 24, 2006 4:20:00 PM  
Anonymous Anonymous said...

Wow. Does someone have a neg-am loan re-adjusting or WHAT??

Monday, July 24, 2006 5:32:00 PM  
Anonymous Anonymous said...

I am sitting here in my Barnegat Light teardown I bought in December 2005 in the heat of a bidding war. Clenched between my pasty white legs is my third bottle of cough syrup, generic vodka and nyquil mix. I have turned the heat up and I am swaddled in saran wrap. My wife has left me and a sickening smell is wafting about the room, reminiscent of a skid row bathroom.

I am not showering, brushing my teeth, or leaving my molding 1.2 million teardown, until the prices rise again!

Monday, July 24, 2006 7:43:00 PM  
Blogger NJRealtor said...

Inventory is really up due to alot of homes listed after Jan 06 not selling as intensely in the spring as they have in years past. Prices also came out higher (as they have the past four years) but there was virtually no appreciation in 05-06...Median Price sold in RB is the same so far in 06 as it was in 05. So with alot of houses going unsold this spring and the usual new listings coming on in the summer the iventory has increased and asking prices are being dropped to reality as sellers become more motivated.

Tuesday, July 25, 2006 3:45:00 PM  

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