The document contains luxury market statistics for various municipalities in New Jersey for the week ending April 5, 2009. It provides data on active listings, listings under contract, absorption rates, new listings, price reductions, expired and withdrawn listings for each municipality. The municipalities included are Chatham Borough, Chatham Township, Denville, East Hanover, Florham Park, Hanover, Harding, Madison, Millburn/Short Hills, Morris Plains, Morris Township, Morristown, Randolph and Summit.
1. Luxury Market Statistics Chatham Borough Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Chatham Borough 25 1 25 4 3 1 4% 0 2
2. Luxury Market Statistics Chatham Township Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Chatham Township 68 4 17 17 13 1 1.5% 2 6
3. Luxury Market Statistics Denville Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Denville 25 0 25 6 6 1 4% 1 0
4. Luxury Market Statistics East Hanover Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All East Hanover 9 1 9 4 3 0 0 0 1
5. Luxury Market Statistics Florham Park Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Florham Park 19 1 19 6 5 0 0% 3 2
6. Luxury Market Statistics Hanover Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Hanover 16 0 16 2 2 0 0% 3 0
7. Luxury Market Statistics Harding Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Harding 56 0 56 6 6 0 0% 4 1
8. Luxury Market Statistics Madison Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Madison 46 1 7.6 16 15 1 2% 2 3
9. Luxury Market Statistics Millburn/Short Hills Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Millburn 99 9 11 31 22 0 0 2 6
10. Luxury Market Statistics Morris Plains Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Morris Plains 1 0 0 0 0 0 0 0 0
11. Luxury Market Statistics Morris Township Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Morris Township 53 2 26.5 11 9 2 3.7% 5 1
12. Luxury Market Statistics Morristown Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Morristown 14 0 0 1 1 0 0 0 0
13. Luxury Market Statistics Randolph Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Randolph 30 0 30 14 14 1 3.3% 1 4
14. Luxury Market Statistics Summit Week Ending 4/5/2009 Active Listings Listings Under Contract in Last 30 Days Absorption Rate in Months New Listings in Last 30 Days Net Gain (Loss) to Market Listings Price Reduced in Last 30 Days % of Invent. Reduced Price Expired Listings W/drawn Listings All Summit 88 9 9.7 40 31 2 2.2% 8 12