Greater Princeton Area Real Estate Report

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    Greater Princeton Area Real Estate Report - Presentation Transcript

    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
    SlideShare Zeitgeist 2009

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