Princeton Boro Inventory Trend

Princeton Twp. Inventory Trend

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.

Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.

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

4/24/10 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 54 1 54 24 23 8 15% 1 0 6 Pton -Boro Condo/ Thouses 20 1 20 12 11 3 15% 1 0 0 Pton-Boro Single Family 34 0 99 12 12 5 15% 0 0 6 Pton Twp: All Styles 131 13 10 47 34 29 22% 1 4 7 Pton Twp: Condo/ Thouses 14 6 2.3 5 (1) 2 14% 0 1 6 Pton Twp: Single Family 117 7 16.7 42 35 27 23% 1 3 1

Pton Boro. Absorption rate by Price 4/24/10 Price Active Listings Pending in Last 30 Days Absorption Rate in Months 0-400 7 0 99 400-600 15 0 99 600-850 7 1 7 850-999 2 0 99 1.0 – 1.3 million 3 0 99 1.3 – 1.7 million 2 0 99 1.7 + 18 0 99

Pton Twp. Absorption rate by Price 4/24/10 Price Active Listings Pending in Last 30 Days Absorption Rate in Months 0-400 4 3 1.3 400-600 14 4 3.25 600-800 24 1 24 800-999 19 2 9.5 1.0-1.3 million 9 0 99 1.3-1.5 million 23 0 99 1.5 – 2.5 million 27 2 13.5 2.5 million + 13 1 13

Pton Twp. Thru March: 2009 v 2010 2009 2010 Units Listed 85 91 Listed Volume $101 million $106 million Listed Average $1.197 million $1.174 million Pended 23 27 Units Sold 19 18 Sold Volume $19.3 million $13.0 million Sold Average $1.0 million $722,694 Average Days on Market 109 108

Pton Boro thru March: 2009 v 2010 2009 2010 Units Listed 31 30 Listed Volume $32.3 million $35.954 million Listed Average $1.042 million $1.198 million Pended 9 12 Units Sold 9 13 Sold Volume $8.34 million $9.77 million Sold Average $926,833 $752,138 Average Days on Market 75 123