middlesex county nj market commentary: Middlesex County NJ Market Commentary for July 2010 - 08/16/10 06:59 AM
Middlesex County NJ Market Commentary for July 2010
For Middlesex County NJ, the number of new homes listed in July has decreased 2.3% (726 new homes) compare to new homes listed in June.The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 3270 homes for sale in Middlesex County NJ. July's absorption rate (256) or number of sold homes has decreased 51.5% versus last month and decreased as well versus last year (38.5%).
Days of Inventory (DOI) has consequently drastically increased 118.8% versus June and 95.1% over last year (YOY). At 396 days, it … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary for June 2010 - 07/12/10 05:52 PM
Middlesex County NJ Market Commentary for June 2010
Middlesex County Real Estate Statistics for June.
For Middlesex County NJ, the number of new homes listed in June has decreased 3% (743 new homes) compare to new homes listed in May.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has slightly increased to 3177 homes for sale in Middlesex County NJ. June's absorption rate (528) or number of sold homes has increased 79% versus last month and increased as well versus last year (45.1%) making this number the big story.
Days of Inventory (DOI) has consequently … (2 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary for May 2010 - 06/13/10 08:50 PM
Middlesex County NJ Market Commentary for May 2010
Middlesex County Real Estate Statistics for May.
For Middlesex County NJ, the number of new homes listed in May has decreased 18% compare to new homes listed in April. It is higher than last year (23.2%).
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 3101 homes for sale in Middlesex County NJ. The Active Inventory has been consistently decreasing since May 2009 but has been increasing back since the beginning of the year (February). The active inventory reached 2900 homes in 2009.
This month's … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary for April 2010 - Part 2 - 05/10/10 07:43 PM
Middlesex County NJ Market Commentary for April 2010 - Part 2
Middlesex County Real Estate Statistics for April/ table - Part 1
For Middlesex County NJ, the number of new homes listed in April has decreased 3.7% compare to new homes listed in March. It is higher than last year (19.0%). With almost 1,000 new homes listed on the market, it is a peak for the last 3 years.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 2874 homes for sale in Middlesex County NJ. The Active Inventory has been consistently decreasing since April … (3 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary for March 2010 - Part 2 - 04/12/10 04:38 PM
Middlesex County NJ Market Commentary for March 2010 - Part 2
For Middlesex County NJ, the number of new homes listed in March has increased 54% compare to new homes listed in February. It is also higher than last year (26.8%). With almost 1,000 new homes listed on the market, it is a peak for the last 3 years.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 2763 homes for sale in Middlesex County NJ. The Active Inventory has been consistently decreasing since April 2009 but has been increasing since the beginning of … (3 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary for February 2010 - Part 2 - 03/09/10 07:39 PM
Middlesex County NJ Real Estate Statistics - Part 1
Middlesex County NJ Market Commentary for February 2010 - Part 2
For Middlesex County NJ, the number of new homes listed in February has decreased (-13%) compare to new homes listed in January. It is also lower than last year (-4.3%). This is positive for Middlesex County real estate market in general as we need to keep on reducing the inventory to move into a more balanced / neutral market.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has increased to 2511 homes for sale in Middlesex … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary for January 2010 - Part 2 - 02/08/10 08:23 PM
Middlesex County NJ Real Estate Statistics and Market Commentary - Part 1
Middlesex County NJ Market Commentary for January 2010 - Part 2
Days of Inventory (DOI) has increased 71.1% versus December due to the increased number of new homes. At 375 days, it means it would take about 12 months to sell all existing inventory at the same absorption rate. A market with over 6 months supply would usually qualify as a buyer's market. A market with less than 6 months of supply would usually qualify as a seller's market.
The average sold price has slightly increased (0.9% Vs December). The … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Real Estate Statistics for January 2010 - 02/08/10 06:47 PM
Middlesex County NJ Real Estate Statistics for January 2010
Those Middlesex County real estate statistics include residential one family only. They do not include townhouses, condos, co-ops, multi-family, commercial properties, etc... Data is from the Middlesex County Multi Listing System (MLS) and is the basis for our Middlesex County NJ market commentary.
*Middlesex County Real Estate Statistics Calculated on *02/07/2010 **Calculated on 01/04/2010 ***Calculated on 02/10/2009
Middlesex County NJ Market Commentary for January 2010 - Part 1
For Middlesex County NJ, the number of new homes listed in January has increased 125.5% to 724 homes compare to new homes listed in … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Real Estate Market Commentary/ December 2009 Part 2 - 01/07/10 05:41 PM
Middlesex County NJ Real Estate Market Commentary/ December 2009 Part 2
For Middlesex County Real Estate Stats (December)
This month's absorption rate (301) or number of sold homes has decreased 23% versus last month but increased versus last year (25.4% December-2008). December is following November and could be the beginning of an up trend . This goes against the typical seasonal effect trend, indicating that the tax credit incentive is working as expected. Buyers are definitely profiting from the grants, incentives available, low interest rates and the overall homes price decrease.
Days of Inventory (DOI) has increased 21.7% versus November but … (2 comments)
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middlesex county nj market commentary: Middlesex County NJ Real Estate Market Commentary/ December 2009 Part1 - 01/06/10 06:47 PM
Middlesex County NJ Real Estate Market Commentary/ December 2009 Part1
Those Middlesex County NJ real estate statistics include residential one family only. They do not include townhouses, condos, co-ops, multi-family, commercial properties, etc...This page is updated every second week of the month. Data is from the Middlesex County Multi Listing System (MLS) and is the basis for our Middlesex County NJ market commentary.
1. Middlesex County NJ Real Estate Statistics
*Middlesex County Real Estate Statistics Calculated on 01/04/2010 **Calculated on 12/11/2009 ***Calculated on 12/10/2008
2. Middlesex County NJ Market Commentary
November numbers were surprising and provided almost a picture … (1 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary/ November 2009 Part 2 - 12/15/09 04:42 PM
Middlesex County NJ Market Commentary
Part 2
Days of Inventory (DOI) has decreased 13.46% versus October due to the decrease in new homes listed and increase in sold homes. At 180 days, it means it would take about 6 months to sell all existing inventory at the same absorption rate. A market with over 6 months supply would usually qualify as a buyer's market. A market with less than 6 months of supply would usually qualify as a seller's market. This decrease is very important to note as DOI is an important variable in the monitoring of local real estate markets … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary/ November 2009 Part 1 - 12/14/09 05:57 PM
Middlesex County NJ Market Commentary
Our Middlesex County nj market commentary is based on local real estate statistics from the Middlesex County MLS.
November numbers are surprising and are providing almost a picture perfect scenario to anyone who is waiting for a sign in the local Real Estate recovery (that would be home owners and sellers primarily, I am sure potential home buyers would not mind home prices to keep on decreasing...).
In a nutshell, those are the surprising facts:
The number of homes sold in November has increased versus October and almost doubled versus November 2008.This is worth noting as typically the number of homes sold … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Real Estate Market Commentary/ October 2009 Part1 - 11/23/09 04:43 PM
Middlesex County nj Real Estate Market Commentary
For Middlesex County nj, the number of new homes listed in October has slightly decreased compare to new homes listed in September. At 613 homes, it is lower than the average year to date of 646 homes listed per month. This is very positive for Middlesex County real estate market in general as we need to reduce the inventory to move into a more balanced / neutral market.
The Active Inventory as we follow it (homes for sale not including "under attorney reviews") has slightly decreased to 2463 homes for sale in Middlesex County following … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary - September 2009 Part 2 - 10/22/09 06:41 PM
Middlesex County NJ Market Commentary - September 2009 Part 2
This Middlesex County NJ market commentary for the month of September is based on Middlesex County NJ real estate statistics.
Middlesex County NJ Market Commentary - September 2009 Part 1
Days of Inventory (DOI) has decreased over 3% versus August mostly due to the decrease in new homes listed. At 219 days, it means it would take about 7 months to sell all existing inventory at the same absorption rate. A market with over 6 months supply would usually qualify as a buyer's market. A market with less than 6 months … (0 comments)
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middlesex county nj market commentary: Middlesex County NJ Market Commentary - September 2009 Part 1 - 10/21/09 05:01 PM
Middlesex County NJ Market Commentary - September 2009 Part1
This Middlesex County NJ market commentary for the month of September is based on Middlesex County NJ real estate statistics.
For Middlesex County, the number of new homes listed in September has slightly decreased compare to new homes listed in August. At 653 homes, it is lower than the average year to date of 679 homes listed per month. This is very positive for Middlesex County real estate market in general as we need to reduce the inventory to move into a more balanced / neutral market.
The Active Inventory as we follow … (0 comments)
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