bergen county: February 2007 Market Statistics Ridgewood NJ
- 02/27/07 11:17 AM
Okay folks, here's the statistics for the month of February. If everything that we've been hearing about the local market is accurate, then these number should be more promising than those reported in previous months. If the market is truly on an upswing, these numbers should reflect that. How, you ask?
The number of sold properties should be greater than in previous months.
The absorption rate when expressed as a percentage of inventory should be a higher rate (a bigger number)
And the number of weeks of inventory should be lower.
So let's run the numbers from NJMLS.com and see what we've got this … (1 comments)
bergen county: Ridgewood NJ December Market Statistics
- 12/27/06 05:18 AM
The Ridgewood News reported that “Overpricing (is) no longer norm in Bergen County” The market continues its return to a more normal state, pricing seems to be more in line with what the market is supporting. Price reductions are on the decline and homes currently on the market are priced more realistically.
The December numbers for my market areas are noted below. As in every market, well-priced homes continue to sell and with the Spring market just around the corner, activity is expected to be brisk. Good news for sellers and buyers and Realtors! # of Active # Under Contract Absorption … (0 comments)
bergen county: Ridgewood NJ Market Statistics November 2006
- 11/26/06 07:30 AM
Last month NAR announced that the market was stabilizing and they provided a much of statistics to prove that point. November 20th NAR announced that we are in full transition, Conditions for home buyers have improved and sellers are more willing to negotiate a lower price.
The November numbers for my market area are noted below; I have added the number of weeks to represent the absorption rate since that might make more sense to some readers. The Absorption rate as a % is also noted here so that you can see the trending from month to month.
# … (1 comments)
bergen county: The Night Before Thanksgiving...
- 11/22/06 09:49 AM
I just had up time from 3-5pm; not surprisingly, the phone didn't ring at all! Hopefully, the 5-7 shift will get more action than I did. At this time of year, people are more interested in Turkeys than houses. My plan was to pickup my turkey at the local butcher in town, imagine my surprise when I pulled up in front of the place and found they were gone! This butcher shop was just around the corner from where I lived for 20+ years; I just assumed they would always be there! The downtown area of Ridgewood was bustling, not typical for … (4 comments)
Okay folks, here's the statistics for the month of February. If everything that we've been hearing about the local market is accurate, then these number should be more promising than those reported in previous months. If the market is truly on an upswing, these numbers should reflect that. ;)
;)
