West Windsor NJ Weekly Market Update Week Ending 11/20/2009

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West Windsor NJ Weekly Market Update Week Ending 11/20/2009

  1. 1. West Windsor Weekly Market Update<br />Week Ending 11/20/2009<br />609-462-3737<br />DonnaReilly@weichert.com<br />www.West-Windsor-Homes-NJ.com<br />www.Facebook.com/West.Windsor.Homes.NJ<br />
  2. 2. CLOSED SALES THIS WEEKIn West Windsor<br />
  3. 3. West Windsor Market Activity – 11/18/09<br />
  4. 4. Market Absorption Rates<br />Market Absorption is an industry-wide standard used to measure the current real estate market. Simply put, it is the amount of time, in months, that it would take to sell the existing inventory at the current pace of sales, assuming no other homes come on the market. <br />
  5. 5. West Windsor Township Absorption Rates<br />
  6. 6. West Windsor Single Family Absorption Rates<br />
  7. 7. West Windsor Condo/Townhouse Absorption Rates<br />
  8. 8. West Windsor Market Activity<br />
  9. 9. West Windsor Township Inventory<br />
  10. 10. West Windsor Single Family Inventory<br />
  11. 11. West Windsor Condo/Townhouse Inventory<br />
  12. 12. 1<br />2<br />3<br />4<br />5<br />6<br />7<br />8<br />9<br />10<br />11<br />12<br />Normal<br />Market Absorption in Months<br />Market Scale for Supply & Demand<br />High Supply/Low Demand<br />Low Supply/High Demand<br />Normal<br />Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. <br />As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.<br />
  13. 13. New Jersey Housing Hot Spots<br />

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