Archive for Market Conditions
Monmouth Real Estate - 2008 in Review
Well, it has been a tough year on many counts, especially real estate. As you can see in the chart below the inventory has stayed high and sales have stayed low throughout the year. Inventory has come down slightly by the end of the year, but sales also declined.
Comparing the fourth quarter of 2008 with [...]
Monmouth Real Estate - Third Quarter
Third quarter inventory in Monmouth County is pretty much flat with about 10% of the houses on the market selling. If you need to sell you need to be in that 10%.
Sales are on the decline after being on the rise for the first half of the year, this is a normal seasonal trend, [...]
Monmouth Real Estate Midyear
We can now look back and see what the the first half of 2008 was in terms of the real estate market. This post covers all of Monmouth County. To get the stats for your specific town, please contact me by visiting my agent website:
NorthernMonmouthHomes.com.
First the good news: The number of home sales in Monmouth County has [...]
Why You Need to Buy a Home Now
In Monmouth County New Jersey, the prices of homes have dropped and may drop a bit more. The media would have you think that the real estate market is BAD. Well it in not bad, it is a great time to buy. Prices have become much more affordable and interest rates are still at historic [...]
Monmouth Market Stagnant
The Asbury Park Press reported today that in Monmouth and other counties in New Jersey the housing market is stagnant. You can read the whole article here:
http://www.app.com/apps/pbcs.dll/article?AID=/20070816/NEWS/708160386
Some highlights:
The median sale price for an existing single-family home in Monmouth, Ocean, Middlesex and Somerset counties was $385,100, down 0.1 percent, or $200, from $385,300 in the same [...]
Am I Facing Reality?
Well at the beginning of the month I beat up on sellers telling them that they must face reality. I must soften that a bit and admit that saying that is easier than doing it. I understand that pricing a house that has been your home is not only a business decision, but also an [...]
David Lereah of NAR Brings Us Good Tidings for NJ Real Estate
After bottoming in the fourth quarter of 2006, existing-home sales are forecast to gradually rise through 2007 and into 2008, while new-home sales should turnaround by summer, according to the latest forecast by the National Association of REALTORS®.
David Lereah, NAR’s chief economist, said annual totals for existing-home sales will be fairly comparable between 2006 and [...]
