Sales and Inventory History
Thursday, June 14, 2007
Category - SingleFamily / Area: ABE, ALH, ALL, ASB, ATL, AVO, BEL, BRA, BRI, COL, DEA, EAT, ENG, FAI, FAR, FRB, FRE, HAZ, HIG, HOL, HOW, INT, KEA, KEY, LAK, LIT, LOC, LON, MAN, MAQ, MAR, MAT, MID, MIL, MON, NEP, NPT, OCE, OCP, RED, ROO, RUM, SEA, SEG, SHB, SHR, SPR, SPH, TIN, UNI, UPF, WAL, WLB
County: Monmouth
Month | Year | Mnthly | Avg List | Avg Sale | % Diff | Avg | Curr Inv | Months Inv
Sales Price Price Sell/list DOM
January | 2007 | 359 | $586,147 | $552,272 | 94.22% |104 | 3853 | 10.73
February| 2007 | 301 | $535,654 | $503,424 | 93.98% |105 | 4006 | 13.31
March | 2007 | 442 | $550,460 | $520,102 | 94.48% | 98 | 4254 | 9.62
April | 2007 | 363 | $568,937 | $542,136 | 95.29% | 92 | 4601 | 12.67
May | 2007 | 468 | $650,074 | $614,005 | 94.45% | 87 | 5001 | 10.69
Current | 2007 | 173 | $654,339 | $611,941 | 93.52% |90 | 5288 | 30.57
Why pricing well is so important, especially now!
1: Largest new home standing inventory in the US in 40 years
2: We've got the largest pre-foreclosure rate in decades, and it's not getting better. Upside? You may sell your home less now, but you can buy less too.
3: Largest Investor owned inventory (flipped properties) in decades. This means more remodeled homes are available.
4: More residential listings with not as many buyers.
5: Financing is more difficult If you are looking to sell your home, you might want to consider doing it sooner, rather than later.
The key is putting your house in the top 5 of its competition! If you want to learn more about selling your market in this kind of market, give me a call! 877.279.2400
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