Title:               Housing Inventory: Pending Ratio in Union County, NJ
Series ID:           PENRAT34039
Source:              Realtor.com
Release:             Housing Inventory Core Metrics
Seasonal Adjustment: Not Seasonally Adjusted
Frequency:           Monthly
Units:               Ratio
Date Range:          2016-07-01 to 2023-08-01
Last Updated:        2023-08-31 4:56 PM CDT
Notes:               The share of pending listing to active listings in a given market
                     during the specified month.
                     
                     With the release of its September 2022 housing trends report,
                     Realtor.com® incorporated a new and improved methodology for
                     capturing and reporting housing inventory trends and metrics. The new
                     methodology updates and improves the calculation of time on market and
                     improves handling of duplicate listings. Most areas across the country
                     will see minor changes with a smaller handful of areas seeing larger
                     updates. As a result of these changes, the data released since October
                     2022 will not be directly comparable with previous data releases
                     (files downloaded before October 2022) and Realtor.com® economics
                     blog posts. However, future data releases, including historical data,
                     will consistently apply the new methodology. More details are
                     available at the source's Real Estate Data Library
                     (https://www.realtor.com/research/data/).
                     
                     With the release of its November 2021 housing trends report,
                     Realtor.com® incorporated a new and improved methodology for
                     capturing and reporting housing inventory trends and metrics. The new
                     methodology uses the latest and most accurate data mapping of listing
                     statuses to yield a cleaner and more consistent measurement of active
                     listings at both the national and local level. The methodology has
                     also been adjusted to better account for missing data in some fields
                     including square footage. Most areas across the country will see minor
                     changes with a smaller handful of areas seeing larger updates. As a
                     result of these changes, the data released since December 2021 will
                     not be directly comparable with previous data releases (files
                     downloaded before December 2021) and Realtor.com® economics blog
                     posts. However, future data releases, including historical data, will
                     consistently apply the new methodology. More details are available at
                     the source's Real Estate Data Library
                     (https://www.realtor.com/research/data/).

DATE         VALUE
2016-07-01  0.0216
2016-08-01  0.0171
2016-09-01  0.0135
2016-10-01  0.0158
2016-11-01  0.0183
2016-12-01  0.0231
2017-01-01  0.0161
2017-02-01  0.0166
2017-03-01  0.0189
2017-04-01  0.0168
2017-05-01  0.0106
2017-06-01  0.0175
2017-07-01  0.0200
2017-08-01  0.0149
2017-09-01  0.0164
2017-10-01  0.0121
2017-11-01  0.0108
2017-12-01  0.0183
2018-01-01  0.0191
2018-02-01  0.0159
2018-03-01  0.0161
2018-04-01  0.0159
2018-05-01  0.0068
2018-06-01  0.0011
2018-07-01  0.0006
2018-08-01  0.0009
2018-09-01  0.0006
2018-10-01  0.0006
2018-11-01  0.0020
2018-12-01  0.0019
2019-01-01  0.0007
2019-02-01  0.0021
2019-03-01  0.0033
2019-04-01  0.0037
2019-05-01  0.0018
2019-06-01  0.0011
2019-07-01  0.0012
2019-08-01  0.0012
2019-09-01  0.0006
2019-10-01  0.0012
2019-11-01  0.0027
2019-12-01  0.0050
2020-01-01  0.0032
2020-02-01  0.0025
2020-03-01  0.0078
2020-04-01  0.0059
2020-05-01  0.0151
2020-06-01  0.0191
2020-07-01  0.0199
2020-08-01  0.0313
2020-09-01  0.0372
2020-10-01  0.0448
2020-11-01  0.0439
2020-12-01  0.0490
2021-01-01  0.0455
2021-02-01  0.5366
2021-03-01  0.7244
2021-04-01  0.7678
2021-05-01  0.8195
2021-06-01  0.8804
2021-07-01  0.7664
2021-08-01  0.7540
2021-09-01  0.7831
2021-10-01  0.7669
2021-11-01  0.7407
2021-12-01  0.8400
2022-01-01  0.8827
2022-02-01  0.8862
2022-03-01  1.0805
2022-04-01  1.1499
2022-05-01  1.0561
2022-06-01  0.9854
2022-07-01  0.7305
2022-08-01  0.7635
2022-09-01  0.7258
2022-10-01  0.7549
2022-11-01  0.7432
2022-12-01  0.8425
2023-01-01  0.8042
2023-02-01  0.8170
2023-03-01  0.9516
2023-04-01  1.0739
2023-05-01  1.2082
2023-06-01  1.1679
2023-07-01  1.0291
2023-08-01  1.0960