Monthly Market Comparison from the President of Monmouth County Association of Realtors - December 2010-2011
In Monmouth & Ocean Counties 1,018 properties were sold. That means nearly 40 families per day were moving into their new home!
Looking at December 2011 Market Comparison for our core marketing area (Monmouth & Ocean Counties). Single family sales has risen by over 6% and we are still seeing a decrease in property values of nearly 4%. The properties are taking slightly less time to sell and the overall absorption rate is down by over 3.5%. Condominiums, however, tell a slightly different story. Sales are down by slightly over 8% and the decrease in property values is slightly over 10% and the absorption rate has risen by nearly 6%. Adult Communities has shown the largest change with sale up by nearly 14%, property values up by slightly over 3% and the absorption rate is down by nearly 6.5%.
When we break out single family in Monmouth & Ocean Counties, Monmouth has shown some significant improvement over Ocean with sales, property values and absorption rates significantly better.
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Anthony J. GonzalezMichael FaiellaBetter Homes Realty (908) 565-0457 Anthony@JerseyShore102.comMike@JerseyShore102.com http://www.JerseyShore102.com      |
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