South Orange NJ December / Q4 Numbers Are finally Out!
There must have been a ton of numbers to crunch, but the results are in. The following is for the entire 4th quarter of 2009:
|
|
2006 |
2007 |
2008 |
2009 |
|
Average # Of Offerings/Monthly |
27 |
21.3 |
26 |
25 |
|
Average # Of Sales/Monthly |
16 |
12.3 |
15 |
18.3 |
|
Supply & Demand Ratio |
59% |
58% |
58% |
73% |
|
Unsold Inventory |
81 |
100 |
95 |
84 |
|
Projected Absorption (Months) |
5 |
8 |
6 |
5 |
The unsold inventory continues to drop relatively, and 5 months of available inventory in this desirable community signifies a strong seller’s market. For more information on how this affects your plans, call me at 973/219-9200 or visit www.greatnjproperties.com.
Analysis and forecast courtesy of the Otteau Valuation Group
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