market update: Rebounding Home Sales? - 10/23/09 01:53 PM
Since the National Association of Realtors made such a positive announcement today ("Big Rebound in Existing-Home Sales"), I thought I'd check to see how we're making out in our neck of the woods.
Good news! In Monmouth County, we're experiencing the same thing...
For single family homes September was up almost … (2 comments)
market update: July Home Sales ~ A Promising Sign? - 09/12/09 06:42 AM
Local: Monmouth County home sales experienced a staggering 120% increase in July, more than doubling the sales of the previous year (1678 vs 763). Year-to-date Monmouth's sales are still down significantly ~ -36% ~ but the recent sales figures are certainly encouraging. Condo sales also experienced a large increase, with an almost 65% … (4 comments)
market update: Good News? Rising Trend in National Existing-Home Sales Continues - 06/29/09 08:58 PM
Yes Virginia, it is good news.
It was announced Tuesday by NAR (National Association of Realtors) that sales of existing homes increased again in May, the first back-to-back monthly gain since September 2005.
Why?
Just a guess, but certainly increased affordability due to lower prices and the federal first-time buyer tax … (0 comments)
market update: Monmouth County 2007 vs 2008 Market Activity Comparison - 02/12/09 04:39 PM
While the real estate picture on a national scale remains a less than pretty sight, looking at this past year's activity relative to the previous year, we get a much less dire view: Monmouth County 2007 vs 2008
Sales Volume: about 21% fewer homes sold in 2008 than 2007 (5036/3966)
Available … (0 comments)
market update: Eastern Monmouth County 3rd Qtr Market Activity - 11/12/08 01:11 PM
My recommendation to my buyer and investor clients is to be educated about the market you're shopping in. What this means is to be familiar with the inventory, get a sense of what a given price range should provide you in a particular town or neighborhood, keep track of average … (0 comments)
Although initially 2008 had an encouraging start for Atlantic Highlands relative to 2007, sales have not kept pace with the previous year and have fallen behind with unit volume down 30% for same period (Q1-3) last year.
On a more positive note, there were some gains in the 3rd … (0 comments)
Initial figures for the first half of 2008 were not encouraging for Fair Haven relative to 2007, although sales in the 3rd quarter have shown an improvement. Still, overall unit volume is down almost 35% for same period (Q1-3) last year.
On a more positive note, there were signficant … (0 comments)
market update: October Local Market Update - 11/04/08 07:17 AM
First the good news: Due to the ongoing financial crisis playing out on Wall Street (as well as around the world), everyone is finally waking up to the fact that in order to pull us out of this mess, the housing market needs to get back on firm footing and … (1 comments)
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Since the National Association of Realtors made such a positive announcement today ("Big Rebound in Existing-Home Sales"), I thought I'd check to see how we're making out in our neck of the woods.
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