ROCKLAND COUNTY NY REAL ESTATE INVENTORY WATCH UPDATED THROUGH January 24th 2009

The graph below tracks CONDO listings which arrived to the Rockland County Real Estate Market between January 18th and January 24th, 2009.

There is also a summary overview chart dating back to November 16 of 2008 so that you can quickly see the inventory trends in Rockland County

SHORT TERM TREND IS down:

Stats compiled from the GHVmls.
The numbers in the chart above reflect ALL the new listings for the dates indicated in the chart.  This chart is compiled from and includes properties for sale all over Rockland County listed on The Greater Hudson Valley Multiple Listing Service (MLS) from every Broker who is a member of the Greater Hudson Valley Multiple Listing Service.  (GHVmls)

THE OLD LAWS OF SUPPLY & DEMAND ALWAYS HOLD TRUE!  Keep an Eye on the Inventory . . . When you see inventory beginning to shrink it is an indicator that markets are beginning to stabilize. The sweet spot is 6 months worth of inventory. Too much more and you move towards a buyer’s market, too much less, a seller’s market.