Ridgewood Homes Average “Days on Market” Near 3 Year Low

This entry was posted on Monday, December 27th, 2010 at 1:11 pm and is filed under Ridgewood Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

1. LaLaLand said at December 28th, 2010 at 11:29 am

   Al,

   In Ridgewood, how many homes have been totally pulled off of the market or pulled and re-listed to reset the days on market? How has this data in 2010 trended relative to prior years? How long can the denial by sellers in this region continue? what about the home price data released by case-shiller today? you may say, real estate is regional and its still bright and sunny in ridgewood. did you read that wall st bonuses are down between 20-30pct in 2010?

   U.S. Home Prices Fell More Than Expected in October
   By REUTERS
   Published: December 28, 2010

   Prices of single-family homes in the United States fell almost double the expected pace in October, the fourth consecutive decline, data from a closely watched survey showed Tuesday, fresh evidence the housing market continued to struggle.

   The Standard & Poor’s/Case-Shiller composite index of 20 metropolitan areas declined 1 percent in October from September on a seasonally adjusted basis, faster than the 0.6 percent drop expected by economists polled by Reuters.

   The drop followed a seasonally adjusted decline of 1.0 percent in September.

   The S.&P., which publishes the indexes, also said home prices in the 20 cities index fell 0.8 percent from October 2009.

   Unadjusted for seasonal impact, the 20-city index fell 1.3 percent in October after a 0.8 percent decline in September.

2. Al Donohue said at December 28th, 2010 at 11:57 am

   LaLa,

   The Altos chart includes homes that have been pulled off the market and then relisted so it shows the true “Days on Market”.

   -Al

3. LaLaLand said at December 28th, 2010 at 8:09 pm

   Al,

   Does include cumulative days or does it show in the data as two separate listings as occurs in the MLS? Secondly, what is the percentage of listings in 2010 that have been pulled from inventory without a sale and how does that compare to prior years?

   Happy New Year, maybe the housing depression will finally end this year. Hope and Change!

4. LaLaLand said at February 21st, 2011 at 2:33 pm

   Hi-De-Ho Big Al!

   Did you see those Ho-Ho-Kus reassessments? Whoa! I was going to give you some time to post here since you are the honest broker …. since its been almost two months just figured i would post for all…

   http://www.asinj.com/revaluation.asp?p=current&id=216

   If you scroll down to the area titled assessment lists you can click on a .pdf file that shows every home in Ho-Ho-Kus and its 2011 reassessed value – hohokusassessmentsbyline.pdf is the name. The town is down 20% according to the appraisers and who are we to question them!

   It sure is a bull market in the housing market! Happy spring selling season! At least houses will now sell for closer to assessed value! Its all about NYC proximity!

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