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Greater Princeton Area Real Estate Report
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Greater Princeton Area Real Estate Report

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The Real Estate Market recovery will be a bottom up trend. This means that the entire real estate market's health is determined by the first time home buyer. As the first time home buyer enters the …

The Real Estate Market recovery will be a bottom up trend. This means that the entire real estate market's health is determined by the first time home buyer. As the first time home buyer enters the market it will help the lowest priced homes recover first. The top tier homes in any towns will take the longest to come back. This report shows the Absorption Rate, Inventory and Contracts in Princeton and surrounding towns. The picture is clear and the recovery is occuring from the bottom up.

Published in: Real Estate, Business

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  • 1. Absorption Rate by Price Range 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.
  • 2. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
  • 3. Sample Market Absorption Rate Anytown., NJ 107 current active listings 24.3 = months 4 reported sales in last 30 days absorption rate 5-6 Months Market Absorption Rate indicates a normal market.
  • 4. Market Scale for Supply & Demand High Supply/Low Demand Normal Low Supply/High Demand Weichert has been 1 studying market Market Absorption in Months 2 conditions for more than 3 3 decades and has found a 4 l direct correlation between Norma 5 market absorption and 6 property values. 7 As absorption rates 8 increase beyond a normal 9 market level of 5-6 10 months, property values
  • 5. Princeton Borough Absorption Rate By Price Towns Active Listings Pending in Last Absorption Rate in 30 Days Months 8 1 8 0-$500 $500-750k 8 3 2.6 $750-999 7 2 3.5 $999-$1.5 11 0 99 million $1.5 million + 13 1 13
  • 6. Princeton Township Absorption Rate By Price Towns Active Listings Pending in Last Absorption Rate in 30 Days Months 12 1 12 0-$500 $500-999k 54 4 13.5 $999-1.5 29 1 29 $1.5-2.5 34 1 34 $2.5 + 21 1 21
  • 7. West Windsor Absorption Rate By Price Towns Active Listings Pending in Last Absorption Rate in 30 Days Months 46 12 3.83 0-$500 $500-750k 36 11 3.27 $750-999 20 3 6.6 $999 + 6 0 99
  • 8. Lawrence Absorption Rate By Price Towns Active Listings Pending in Last Absorption Rate in 30 Days Months 134 16 8.3 0-$400 $400-650 44 7 6.2 $650-999 11 1 11 $999 + 8 0 99
  • 9. Ewing Absorption Rate By Price Towns Active Listings Pending in Last Absorption Rate in 30 Days Months 30 3 10 0-$150 $150-250 126 12 10.5 $250-450 80 4 20 450+ 9 0 99
  • 10. Hopewell Absorption Rate By Price Towns Active Listings Pending in Last Absorption Rate in 30 Days Months 63 4 15.7 0-$400 $400-$650 46 1 46 $650-999 39 1 39 $999+ 33 0 99