MIDDLETOWN STATISTICS REPORT- OCTOBER 2009
Highlights
↔ Local Economy- Unemployment held steady at 7.5%. The big threat has been the pullback in hiring by employers. There are a third fewer jobs available and the employment index drop from a positive 7 to a positive 2. If it drops below zero then there are more jobseekers than jobs available.
↔ Housing- We now have four month trend for June-Sept 2008. This allows a better comparison between 2008 and 2009 price. The results show the presence of 2 housing markets. Single family homes have experienced a robust 7% increase, while condos experienced nearly a 6% decline. Foreclosures are up 87% from last month, revealing how weak the real estate market seems to be moving in to the off season.
↔ Web Presence- Middletown’s web presence took a nosedive this month dropping 23%. For the first-time another search term has overtaken searches about the Wesleyan shooting. Esca Restaurant took the top spot, revealing significant interest in this new establishment in the metro-Hartford area.
Full Report- http://www.middletownplanning.
1 comment:
I think some congratulations are in order here: "middletown eye" has seen the second highest increase in Middletown-related searches over the last twelve months (I think that's the right reading of the data this report is looking at)!
- Norman
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