Wednesday, October 19, 2005

Weekly Inventory Update

It's Wednesday again. Here are the inventory updates for this week. I've also added a new statistic, the change over the last 'month' to illustrate any trends.

GSMLS
Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren
10/12 - 12646
10/19 - 12854
1.6% Weekly Increase

9/19 - 12089
10/19 -12854
6.3% Monthly Increase

NJMLS
Bergen, Essex, Hudson, Passaic
10/12 - 5675
10/19 - 5738
1.1% Weekly Increase

9/19 - 5239
10/19 - 5738
9.5% Monthly Increase

-Grim

8 Comments:

Anonymous Anonymous said...

Keep posting the facts. Lets see how the realtors and builders spin the spike up in inventory. Lets see how much demand there really is for these spec sellers.
Manipulation at its best.

10/19/2005 12:13:00 PM  
Blogger InvestorDavid said...

Grim,

Look at this link:

http://www.usatoday.com/money/markets/us/2005-10-18-home-build_x.htm

Home-building stocks aching

10/19/2005 12:49:00 PM  
Blogger grim said...

To the readers that might look at these weekly increases and shrug them off as minor changes, a 1.5% increase per week over an entire year is well over a 100% annual increase.

-grim

10/19/2005 07:00:00 PM  
Anonymous Anonymous said...

how are you gathering data?
i have been tracking GSMLS for 3 years now and the past month they stopped posting new inventory #'s


btw it rose very rapidly since labor day

10/25/2005 06:54:00 PM  
Anonymous Anonymous said...

i also noticed a home in long hill was reduced from 419k a month ago to 375k yesterday

10/25/2005 06:56:00 PM  
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