My New Blog

Good news from the Monmouth/Ocean County Realtors - When June 2010 is compared to June 2009 a bright trend appears! The monthly sales are UP over 45% for single family homes! Even sales of condominiums, which are usually the last to improve, are up over 18%. In addition it appears that the inventory is finally be absorbed by the market. The active listing inventory, according to the MOMLS is down from June 2009 by over 10%. Those who know me will tell you that I tend not to become prematurely optimistic over market trends, but I must admit it does seem that the worst is behind us and (finally) we can see some light! BUT before we start doing cartwheels on the front lawn, one additional statistic to keep in mind is the months of inventory. There has been improvement here as well, down over 11%, but the estimated absorbtion time is still more than 8 months.

With rates holding at such lows and prices stabilized, considering the improving real estate market trending, NOW is a great time to buy.. this is an historically great time for first-time buyers... DON'T MISS THE BOAT!