Who Says You I Can't Go Home? Born and raised in Belleville, I have strong roots to the Belleville Community and my pulse on the Belleville Real Estate Market.
Belleville New Jersey Real Estate Market Report
and Absorption Ratios for June 2010
Belleville New Jersey Real Estate Market Report for June 2010:
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Active Inventory: 128
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Pending Inventory: 1
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Absorption Ratio: 1% went under contract (pending) leaving 99% of inventory unsold
Compared over the last six months (January 2010-June 2010), June has to be hardest hit month for Belleville home sales. Snapshot of absorption ratios for Belleville New Jersey Real Estate:
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January 2010: 9%
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February 2010: 11%
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March 2010: 7%
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April 2010: 15%
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May 2010: 8%
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June 2010: 1%
Absorption ratio is the percentage of homes "absorbed or sold" within the current inventory of unsold homes. The month of April showed the MOST homes (15%) absorbed in the Belleville Real Estate Market. It could be that the Extension and Expansion of the First Time Homebuyers Credit peaked homes sale in Belleville for the month of April.
You may want to know why absorption ratio is so important to Belleville sellers when selling your Belleville New Jersey home. Belleville Absorption Ratios are important because we need to make sure your that your Belleville home is within the ratio of SOLD Belleville homes and not the unsold inventory. Let's get together and talk about getting your Belleville New Jersey home SOLD!
Who says you can't go home? I was born and raised in Belleville, New Jersey and I keep going home! As a matter of fact there's two houses listed on the Belleville street where I grew up!
It doesn't matter where you are, doesn't matter where you go
If it's a million miles away or just a mile up the road
Take it in, take it with you when you go
Who says you can't go home?
Bon Jovi, Songwriters:Sambora, Richie; Bon Jovi, Jon
Written and performed like a true Jersey Boy
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