Wednesday, September 20, 2006

Eastern Monmouth MLS at 4772

Inventory keeps growing.

This was posted in the comment section by Ocean City buff.

"This blog may be focused on the northern portion of the Jersey Shore, but listings in Ocean City (by far the finest shore destination in the state, heck the whole east coast) has risen every month throughout 2006. My realtor tells me that listings in this former Methodist campground hit about 1,300 in January (which he considered high at the time)and are now more than 1,800. That represents about 10 percent of all residential properties on the island."

4 Comments:

Blogger Ocean City Buff said...

This blog may be focused on the northern portion of the Jersey Shore, but listings in Ocean City (by far the finest shore destination in the state, heck the whole east coast) has risen every month throughout 2006. My realtor tells me that listings in this former Methodist campground hit about 1,300 in January (which he considered high at the time)and are now more than 1,800. That represents about 10 percent of all residential properties on the island.

Thursday, September 21, 2006 9:39:00 AM  
Anonymous Anonymous said...

There are a lot of investors in OC who bought within the last 3 years that will have ARMs readjust shortly. They are already carrying negative cash flow properties. Higher rates will only increase the pressure to sell. There will be many more listings shortly. How soon until the price drops occur is the big question.

Saturday, September 23, 2006 9:48:00 AM  
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Thursday, October 12, 2006 7:28:00 AM  
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Thursday, October 12, 2006 10:28:00 PM  

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