Sorry the weekly inventory update was a little late, been a bit busy lately.
GSMLS
(Ber, Ess, Hud, Mor, Pas, Som, Sus, Uni, War)
11/23 – 12693
11/30 – 12624
Added/Sold/Removed
11/23 – 961/670/477
11/30 – 797/517/410
NJMLS
(Ber, Ess, Hud, Pas)
11/23 – 5811
11/30 – 5771
Hudson MLS
11/23 – 1784
11/30 – 1804
Caveat Emptor!
Grim
Grim — have you seen the NJAR 3rd quarter report
http://www.njar.com/2005Q3.pdf
Lagging data and pretty much as expected, although 1 thing that caught my attention was how median family income (is that of purchasing families ? I doubt it) seemed to drop dramatically in the 3rd quarter. Probably a typo
Thanks gg, I’ve been waiting for those numbers. I’ve even left messages for Ms. Sacco about them.
I’ll be calling her again tomorrow to confirm those median incomes for Q3.
If those numbers are correct, I am going to be much more concerned about a housing price collapse locally, because it means significant underqualified buyers are purchasing using very risky loans.
grim