by Anthony | Jun 26, 2020 | Inventory Shrinkage, Morris County, NJ Real Estate News
Morris County Single Family Homes for May Key Metrics 2019 2020 Change New Listings 1,076 693 – 35.6% Closed Sales 473 318 – 32.8% DOM* 57 55 – 3.5% Median PX $455K ...
by Anthony | Jun 5, 2020 | Inventory Shrinkage, Manhattan, Real Estate News
The Wuhan pandemic, which made Manhattan an epicenter of the virus, had a catastrophic impact upon the number of real estate contracts signed in May. For the month, there were just 160 signed, which compares with 992 signed in May of 2019. This represents an 84% drop...
by Anthony | Jan 27, 2020 | Inventory Shrinkage, Monmouth County NJ, NJ Real Estate News, Ocean County
Ocean County posted the most dramatic changes y-o-y with new listings plunging 18.6%, inventory collapsing over 25% and months of inventory falling to just 4 months. Monmouth County Single Family Homes for December Key Metrics 2018 2019 Change New Listings 435 372 ...
by Anthony | Jan 8, 2020 | Inventory, Inventory Shrinkage
In order to properly navigate the current real estate market, an appreciation for the chronic shortage of inventory available for sale just isn’t enough for the demand out there. There is also the necessity to recognize the impact that rental shortages will play in...
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