Market Watch: Active Listings by TownThursday, January 14th, 2010
Supply and demand…..this is a common phrase that most everyone picks up on. In the housing market if the supply of houses for sale is high, the prices are usually low; if the supply of houses for sale is low,the prices are high. This is typical in any area of buying and selling. I have been tracking certain towns to see how many houses are actively listed compared to 2009 and 2008. I am doing a market watch and will post the number of active listings per town on the 14th of the month. This will give both home sellers and buyers accurate information on just how many houses are coming on the market and also how many are going under contract.
Active Listings of Single Family Homes as of January 14, 2010:
Fair Haven: 47
Little Silver: 46
Atlantic Highlands: 36
Sea Bright: 16
Monmouth Beach: 35
Long Branch: 164
*If you would like numbers for active condominiums, please contact me. Any other reports on closed sales will be sent upon request.