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West Windsor NJ Weekly Market Update Week Ending 12/18/2009
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West Windsor NJ Weekly Market Update Week Ending 12/18/2009

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  • 1. West Windsor Weekly Market Update
    Week Ending 12/18/2009
    609-462-3737
    DonnaReilly@weichert.com
    www.West-Windsor-Homes-NJ.com
    www.Facebook.com/West.Windsor.Homes.NJ
  • 2. CLOSED SALES THIS WEEKIn West Windsor
  • 3. West Windsor Market Activity – 12/11/09
  • 4. Market Absorption Rates
    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.
  • 5. West Windsor Township Absorption Rates
  • 6. West Windsor Single Family Absorption Rates
  • 7. West Windsor Condo/Townhouse Absorption Rates
  • 8. West Windsor Market Activity
  • 9. West Windsor Township Inventory
  • 10. West Windsor Single Family Inventory
  • 11. West Windsor Condo/Townhouse Inventory
  • 12. 1
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    Normal
    Market Absorption in Months
    Market Scale for Supply & Demand
    High Supply/Low Demand
    Low Supply/High Demand
    Normal
    Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values.
    As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.
  • 13. New Jersey Housing Hot Spots