Monday, July 12, 2010

Dollar volume is up Q2 over Q1, 295 units v 235, Avg Duration is down by 15%

Dollar volume is up Q2 over Q1, 295 units v 235, Avg Duration is down by 15%.  That is, the average days from listing to contract is down by 15%.  The 2nd quarter is generally the highest in dollar volume so some of that is just seasonal.  It's good to see it follow a typical pattern.  What is more relevant is that the time from listing to contract is down ie the duration of the listing.  The health of the duration is a market bellwether.  The shorter the duration the more active the market.

Stayed tuned as I roll out my Q2 analysis.

Feel free to call with any questions.

Information Provided by Donna Antonucci
Prudential Castle Point Realty
201-240-6832
donnaantonucci@gmail.com

http://www.hobokenrealestatemonitor.com/
http://www.hobokenrealestatevalue.com/
www.donnaantonucci.com


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