Wednesday, August 23, 2006

Northern New Jersey Weekly Inventory Update

GSMLS - http://www.gsmls.com
(Garden State Multiple Listing Service)
Single Family Homes, Condo, Coop
(Bergen, Essex, Hudson, Morris, Passaic, Somerset, Sussex, Union, Warren Counties)

8/16 - 18,738
8/23 - 18,720 (0.1% Decrease)


NJMLS - http://www.njmls.com
(New Jersey Multiple Listing Service)
Single Family Homes, Condo, Coop
(Bergen, Essex, Hudson, Passaic Counties)

8/16 - 9,228
8/23 - 9,117 (0.4% Decrease)


MLSGuide - http://www.mlsguide.com
Single Family Homes, Condo, Coop
(Hudson County)

8/16 - 2,646
8/23 - 2,676 (1.1% Increase)

4 Comments:

Blogger RichInNorthNJ said...

For the curious in Bergen County, here is the number of active residential SFH listings; this does NOT include Condos/Co-ops & Twnhs.

03/03 3,132
03/10 3,230
03/17 3,337
03/23 3,432
03/30 3,543

04/05 3,628
04/12 3,706
04/19 3,781
04/24 3,856

05/08 4,082
05/15 4,174
05/22 4,292
05/29 4,352

06/05 4,382
06/12 4,353
06/19 4,526
06/26 4,588

07/05 4,550
07/12 4,613
07/19 4,604
07/26 4,623

08/02 4,562
08/09 4,577 3,207
08/16 4,574 3,187
As of today 8/23 4,546 Last year: 3,182

8/23/2006 05:30:00 PM  
Anonymous Anonymous said...

I was just looking through the MLS and noticed a bunch of "just listed" homes that have been on the market for months with different RE agencies, or possibly contracts expired. It is completely insane that realtors can claim this is a "new" listing. I still don't see any drastic price reductions at this point.

8/23/2006 08:39:00 PM  
Anonymous Anonymous said...

I was just looking through the MLS and noticed a bunch of "just listed" homes that have been on the market for months with different RE agencies, or possibly contracts expired. It is completely insane that realtors can claim this is a "new" listing. I still don't see any drastic price reductions at this point.



Your observations are correct! Labor Day starts a new cycle of buyers and you should see an increase in inventory. It's always a "good thing" to have a fresh listing ready for these buyers.

In actuality, it's dressing up the pig.

Happy house hunting!

Oink!

8/24/2006 06:13:00 AM  
Anonymous UnRealtor said...

"It is completely insane that realtors can claim this is a "new" listing.


All part of the realtor "code of ethics."

8/24/2006 11:12:00 AM  

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