October Active Inventory Update

October Inventory Data is in, it took me a bit longer than usual to compile the data and post it up, so I apologise for that. We’re still pushing ever higher with the listings. The rate of increase seems to have tempered a bit from last month, however is still maintaining a strong upward trend.

GSMLS

Total Active Listings
Oct 1 – 12441
Oct 31 – 12821 (2.4% Increase)

Bergen
Oct 1 – 827
Oct 31 – 880 (6.0% Increase)

Essex
Oct 1 – 1915
Oct 31 – 1980 (2.8% Increase)

Hudson
Oct 1 – 99
Oct 31 – 99 (0.0%)

Morris
Oct 1 – 2535
Oct 31 – 2586 (2.0% Increase)

Passaic
Oct 1 – 1386
Oct 31 – 1430 (3.1% Increase)

Somerset
Oct 1 – 1660
Oct 31 – 1750 (5.1% Increase)

Sussex
Oct 1 – 1570
Oct 31 – 1560 (0.6% Decrease)

Union
Oct 1 – 1760
Oct 31 – 1793 (1.8% Increase)

Warren
Oct 1 – 799
Oct 31 – 797 (0.2% Decrease)

NJMLS

Total
Oct 1 – 5494
Oct 31 – 5784 (9.1% Increase)

Bergen
Oct 1 – 3973
Oct 31 – 4139 (7.7% Increase)

Essex
Oct 1 – 375
Oct 31 – 436 (16.7% Increase)

Hudson
Oct 1 – 384
Oct 31 – 394 (7.6% Increase)

Passaic
Oct 1 – 762
Oct 31 – 815 (12.5% Increase)

Hudson County MLS

Hudson
Oct 31 – 1729 (For reference)

There was a burst of sales, withdrawl, and expiration activity towards the end of the month that pushed many of the active listings numbers down on the 31st of the month. Many counties had numbers a few tenths to whole percentage points greater around the third week of the month. This activity is typical.

Caveat Emptor,
Grim