The real estate market in Mercer County and surrounding areas saw increases in home sales and average sale prices from 2016 to 2017. Specifically: - Home sales in Mercer County increased 8% from 2016 to 2017 while the average sale price decreased slightly by 2.5%. - Other counties like Burlington, Camden, and Gloucester also experienced increases in home sales between 5-13% while average sale prices remained stable or increased slightly. - Higher-priced areas like Princeton, Hopewell-Pennington, and West Windsor-Plainsboro saw larger increases in average home sale prices compared to other parts of Mercer County and nearby counties.

1. MARKET OVERVIEW - MERCER & NEARBY COUNTIES - 12 MONTHS THRU OCTOBER 2017
MERCER COUNTY* (* - Mercer County adjusted to include Plainsboro, because of shared school district)
12 mos to
Oct'17
12 mos to
Oct 16
12 mos to
Oct 15
% Chg 17 vs
16
% Chg 16 vs
15
Sold Homes 4,639 4,296 3,810 8.0 12.8
Sold Volume ($M) $1,519.8 $1,442.9 $1,310.1 5.3 10.1
Avg Price ($K) $328 $336 $344 -2.5 -2.3
Increase Solid
Our area is really a series of different local markets: Decrease Hot
Homes
Listed
Homes
Sold
Homes in
Inventory
Average
Days on
Market
Months of
Inventory
Average list
price
Average Sold
Price
Average
Inventory
price
% Listings
Sold
Mercer County* 6,605 4,639 1,634 65 4 $350 $328 $433 70.2%
Mercer w/o Trenton* 5,485 4,083 1,264 65 4 $407 $364 $533 74.4%
E.Windsor-Hightstown 554 462 93 55 2 $272 $257 $283 83.4%
Ewing 617 481 163 78 4 $187 $175 $196 78.0%
Hamilton 1,633 1,172 380 64 4 $220 $208 $236 71.8%
Hopewells-Pennington 581 382 170 78 5 $602 $469 $858 65.7%
Lawrenceville 556 395 145 64 4 $371 $319 $495 71.0%
Princeton 429 320 120 67 5 $1,196 $1,052 $1,736 74.6%
Robbinsville 368 287 68 68 2 $401 $383 $470 78.0%
Trenton 1,120 556 370 64 8 $72 $60 $89 49.6%
W.Windsor-Plainsboro 747 584 125 54 2 $524 $493 $547 78.2%
OTHER COUNTIES
Homes
Listed
Homes
Sold
Homes in
Inventory
Average
Days on
Market
Months of
Inventory
Average list
price
Average Sold
Price
Average
Inventory
price
% Listings
Sold
Burlington 10,790 7,043 2,677 67 4 $256 $229 $306 65.3%
Camden 11,758 7,617 2,906 66 4 $190 $181 $205 64.8%
Gloucester 6,982 4,303 1,975 73 5 $204 $193 $222 61.6%
Salem 1,578 744 632 87 11 $143 $139 $161 47.1%
Bucks 10,710 8,273 2,331 57 3 $400 $347 $566 77.2%
Berks 6,802 5,220 1,647 65 4 $186 $173 $230 76.7%
Chester 10,234 7,170 2,369 52 4 $429 $379 $550 70.1%
Delaware 9,933 7,248 2,241 58 4 $292 $265 $345 73.0%
Montgomery 15,095 11,405 3,226 54 3 $375 $328 $492 75.6%
Philadelphia 26,567 18,095 5,274 48 3 $259 $248 $325 68.1%
New Castle 9,648 7,212 2,194 55 3 $259 $247 $313 74.8%
Kent 3,308 2,336 1,004 76 5 $220 $206 $250 70.6%
Middlesex (TREND) 1,089 776 224 61 3 $455 $400 $540 71.3%