Northern NJ Weekly Inventory Update

Posted on October 26, 2005 by grim

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

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42 Responses to Northern NJ Weekly Inventory Update

  1. Anonymous says:
    October 26, 2005 at 1:52 pm

    Is this normally the time of year when new listings coming on to the market stagnate ?

  2. grim says:
    October 26, 2005 at 3:08 pm

    Short answer, yes.

    grim

  3. Anonymous says:
    October 26, 2005 at 6:56 pm

    Saw 2 houses pulled. Probably come back in spring. Unfortunately things will be much worse by then.
    Oh well..hogs get slaughtered.

  4. Metrofuser says:
    October 27, 2005 at 8:05 am

    Inventory is up in Central Jersey as well. 2006 will be interesting!

    http://www.metrofuser.com/

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