Esatern Monmouth MLS at 4418

Last week the count was 4400.

I think we are finally starting to see a slowdown in the inventory build. I don't think houses are selling faster, rather, it looks to me like listings are being pulled. As most readers will recall, I wrote last last week that the Rumson house this blog has been tracking for a year is now up for rent as well as for sale. In the same small neighborhood there are another 2 houses for rent, which leads me to believe that people are trying to generate some cash from renting out their properties since the houses are not selling at the prices the owners want.