Wednesday, September 06, 2006

4668 Listings on the MLS for Eastern Monmouth

Two weeks ago there were 4707. It looks like inventories are finally starting to come off the recent highs.


Anonymous Anonymous said...

I don't think so.

I realize the run-up has been dramatic, but your looking at the first week of a new month and the realtors tend to do a bit of housecleaning that week.

I have been monitoring the Monmouth/Ocean Region for just about a year, and that is a familiar pattern.

I expect a fair number of the listings that have been removed may be returning at a lower price as sellers become ever so slightly more rational about values.

I could be wrong -- this morning the numbers are much lower across the four regions of Mon/Oc, though I suspect that is a computer/server issue as Ocean County's number has dropped by about 500. There was a more dramatic 2-day drop in January that was clearly computer related, so I guess we'll know in a few days.

FYI, I hit the 1-yr mark on my monitoring on Sept. 19, unless these current reductions are real, there will be a 65-70% growth in inventory across the board. Even if the current decline is real, the number will be at least 50% higher.


Thursday, September 07, 2006 9:05:00 AM  
Anonymous Anonymous said...


Care to share your monitoring in a chart or graph?

Hard data is always appreciated.


Thursday, September 07, 2006 10:47:00 AM  
Anonymous Anonymous said...

I'd like to see the MLS numbers for Western Monmouth and Ocean County posted on this site as well.

Sunday, September 10, 2006 9:06:00 PM  
Anonymous Anonymous said...

I have notices more home owners trying to sell their home first without a realtor. You can see New Jersey Real Estate FSBO's popping up like crazy on and craigslist
My 2 cents :)

Sunday, September 17, 2006 3:45:00 PM  

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