Northern NJ Weekly Inventory Update
All quiet on the Northern front. Increases in the active listings have slowed a bit from last months off-the-charts pace, but are still on the upswing. I haven't gotten a chance to plow through the data to determine the exact reasoning behind it (new listings slowing, sales increasing, or a mix of both). Starting next Wednesday I'll be including changes in the Hudson County MLS listings as well (Listings are in at 1675 today).
GSMLS
(last week)
10/19 - 12854
10/26 - 12858 (Flat)
(last month)
9/26 - 12399
10/26 - 12858 (3.7% Increase)
NJMLS
(last week)
10/19 - 5738
10/26 - 5791 (0.9% Increase)
(last month)
9/26 - 5378
10/26 - 5791 (7.7% Increase)
Caveat Emptor,
Grim
GSMLS
(last week)
10/19 - 12854
10/26 - 12858 (Flat)
(last month)
9/26 - 12399
10/26 - 12858 (3.7% Increase)
NJMLS
(last week)
10/19 - 5738
10/26 - 5791 (0.9% Increase)
(last month)
9/26 - 5378
10/26 - 5791 (7.7% Increase)
Caveat Emptor,
Grim
5 Comments:
Is this normally the time of year when new listings coming on to the market stagnate ?
Short answer, yes.
grim
Saw 2 houses pulled. Probably come back in spring. Unfortunately things will be much worse by then.
Oh well..hogs get slaughtered.
Inventory is up in Central Jersey as well. 2006 will be interesting!
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