ridgewood market statistics: 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)
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. ;)
;)
