Market Update 10.09

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# of homes sold, active listings on the market in Cranbury, East Windsor, Ewing, Hamilton, Hopewell, Monroe, Plainsboro, South Brunswick, Princeton, West Windsor

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  • Review the generic sample calculation and/or a customized calculation you prepared for your office market area. Follow the instructions below to update this slide with customized information for your office. Save the Sales Meeting Guide presentation to your C drive. Open the Sales Meeting Guide presentation from your C drive. Scroll down to the “Sample Market Absorption Rate” slide in the weekly training section of the presentation. Double-click on the slide to be able to make edits. Click in each section of the formula to edit text. Save the document to save edits.
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  • Market Update 10.09

    1. 1. Sample Market Absorption Rate 107 current active listings 4 reported sales in last 30 days = 24.3 months absorption rate Anytown., NJ 5-6 Months Market Absorption Rate indicates a normal market.
    2. 2. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
    3. 3. 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. Market Absorption in Months 1 2 3 4 5 6 7 8 9 10 11 12 Normal
    4. 4. 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Princeton Boro: All Styles 43 5 8.6 6 1 5 11.6% 7 1 4 Pton -Boro Condo/ Thouses 12 2 6 2 0 2 17% 4 0 1 Pton-Boro Single Family 31 3 10.4 4 1 3 10% 3 1 3 Pton Twp: All Styles 119 7 17 20 13 24 21% 9 8 16 Pton Twp: Condo/ Thouses 21 1 21 6 5 3 15% 2 0 4 Pton Twp: Single Family 98 6 16.3 14 8 21 22% 7 8 12
    5. 5. Town by Town Analysis 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings West Windsor: All Styles 100 20 5 35 2 16 16% 7 6 26 West Windsor Condo/ T.Houses 11 10 1.7 9 (6) 2 18% 2 2 8 West Windsor 55+ 12 1 12 - - - - - - - West Windsor Single Family 77 9 26 8 14 18% 5 4 18 Lawrence: All Styles 197 20 9.8 47 16 49 25 19 10 31 Lawrence: Condo/ THouses 83 10 8.1 25 7 19 23 7 6 16 Lawrence: 55+ 27 0 99 - - - - - - - Lawrence: Single Family 87 10 8.7 22 9 30 34 12 4 15
    6. 6. Town by Town Analysis 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Ewing: All Styles 232 30 7.7 52 7 53 23% 17 7 24 Ewing : Condo/ T.Houses 42 5 8.4 10 2 11 26% 4 3 2 Ewing 55+: 4 0 99 - - - - - - - Ewing: Single Family 186 24 7.5 42 5 42 23% 13 4 22 East Windsor: All Styles 165 16 10.3 33 8 30 18% 8 10 24 East Windsor: Condo/ THouses 92 10 9.2 21 4 20 22% 4 7 14 East Windsor: 55+ 18 0 99 - - - - - - - East Windsor: Single Family 55 6 9.1 12 4 10 18% 4 3 10
    7. 7. Town by Town Analysis 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Hopewell Twp. All Styles 153 12 12.7 22 3 23 15% 13 9 13 Hopewell Twp. Condo/ T.Houses 12 8 4 2 (6) 2 6% 4 3 5 Hopewell Twp.: 55+ 3 0 99 - - - - - - - Hopewell Twp: Single Family 138 8 17.2 20 9 21 15% 9 6 8 Hamilton: All Styles 527 55 9.9 112 19 119 23% 51 22 83 Hamilton: Condo/ THouses 99 15 6.6 25 0 33 33% 9 4 1 Hamilton: Single Family 386 41 9.4 87 22 86 22% 42 18 65 Hamilton: 55+ 42 2 21 - - - - - - -
    8. 8. Town by Town Analysis 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Robbinsville All Styles 103 9 11.4 22 11 22 21% 6 4 12 Robbinsville Condo/ T.Houses 52 7 7.4 16 10 10 20% 5 2 7 Robbinsville 55+ - - - - - - - - - - Single Family 51 2 22.5 6 1 12 24% 1 2 5 Hightstown Boro: All Styles 50 5 10 5 (6) 15 30% 5 3 2 Pennington 25 0 99 3 3 8 32% 5 1 0 Hopewell Boro: All Styles 7 1 7 1 (2) 0 0 0 0 1
    9. 9. Market Activity: Town by Town Analysis 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings PlainsboroAll Styles 52 10 5.2 7 (3) 12 23% 11 0 19 Plainsboro Condo/ THouses 25 9 2.7 5 (4) 4 20% 5 0 13 Plainsboro 55+ 12 0 99 0 0 1 8% 1 0 0 Plainsboro Single Family 15 1 15 2 1 7 46% 5 0 5 Cranbury: All Styles 34 1 34 5 4 2 8% 3 0 1 Cranbury: 55+ 3 0 99 0 0 0 0 1 0 1 Cranbury: Single Family 31 1 31 5 4 2 6% 2 0 1
    10. 10. Town by Town Analysis 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings South Brunswick All Styles 164 18 9 37 19 28 18% 28 8 38 South Brunswick Condo/ T.Houses 41 12 3 13 (1) 5 12% 8 3 12 South Brunswick 55+ 31 0 99 99 9 4 12% 2 0 3 South Brunswick Single Family 92 6 15 17 11 21 22% 17 5 22 Monroe: All Styles 450 29 15 74 68 74 16% 46 7 68 Monroe: 55+ 288 17 17 49 45 51 17% 31 5 52 Monroe: Single Family 162 12 13.5 25 13 24 15% 15 2 16
    11. 11. 10/6/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Montgom. 116 24 4.8 22 (2) 27 24% 11 10 19 Hillsboro 256 36 7.1 42 6 44 17% 14 12 29 Rocky Hill 3 1 3 1 0 0 0 0 0 0 Franklin 385 57 6.8 105 48 81 22% 39 19 57

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