Outbreak of RDS (Rampant Denial Syndrome) Hits Toms River, NJ!

Some FASCINATING statistics for November in Toms River, NJ:

Statistics Summaries Report

Category - SingleFamily / Area: TOM - TOMS RIVER TWP / County: OceanStatistics for Entire MLS from 11/01/2008 to 11/30/2008

	Total	Total List / Closed $	Avg List $	Avg Closed $	Avg DOM	Median Price $	%SP/LP
New	109	$53,993,900 / n/a	$495,357	n/a	17	$375,000	n/a
Under Contract	38	$14,936,496 / n/a	$393,066	n/a	63	$272,450	n/a
Closed	46	$19,293,212 / $18,131,450	$419,418	$394,162	111	$296,500	93.98%
Expired	77	$36,429,631 / n/a	$473,112	n/a	188	$365,000	n/a
Currently Active (as of today)	729	$360,865,054 / n/a	$495,014	n/a	118	$399,000	n/a

--Information deemed reliable but not guaranteed--Copyright: 2008 by the Monmouth County Association of REALTORSR
We Never Stop Moving!
Prepared by JAMES FLANAGAN of COLDWELL BANKER FLANAGAN REALT on 12/2/2008 8:50:07 AM

Why would I call them "fascinating"? Let's take a closer look, shall we?

• 46 Homes CLOSED during November at an average price of $394,162
  
• And ONLY 38 homes went UNDER CONTRACT at an average price of $393,066
  
• SO, why did 109 NEW homes LIST for an average of $495,357 when…
  
• 77 homes EXPIRED at an average LIST price of $473,112????????????
  

Here's my Official Diagnosis:

Toms River, NJ, continues to suffer from RDS (Rampant Denial Syndrome). When 109 Sellers think they will sell for more money than 77 unsuccessful sellers FAILED to sell for; that's RAMPANT DENIAL SYNDROME! When real estate agents continue to LIST homes for an average of $100,000 OVER the current CLOSED price; that's RAMPANT DENIAL SYNDROME! When, despite the OVERWHELMING EVIDENCE ABOVE, sellers and agents REFUSE to accept REALITY; that is RAMPANT DENIAL SYNDROME!

CAUTION: Failure to seek immediate treatment for RDS could result in catastrophic consequences such as "short sales", "foreclosures", "bankruptcies", "insanity" and in certain cases DEATH (of a real estate agent's career)!!!