- The document provides market data on housing in various New Jersey towns, including active listings, pending sales, absorption rates, new listings, and price changes. It shows that most towns have absorption rates between 3-12 months, indicating normal or stable housing markets, though a few towns have stronger or weaker rates. Overall, the data suggests that housing markets in New Jersey are stable or improving in many areas.

1. Market Confidence MeterMarket Confidence Meter
Access to mortgage credit
is at its highest level in at
least three years, according
to a newly released index
by the Mortgage Bankers
Association.

2. Market Confidence MeterMarket Confidence Meter
More than half of U.S.
states saw their housing
markets improve in
February, according to
Freddie Mac’s Multi-
Indicator Market Index.

3. Market Confidence MeterMarket Confidence Meter
Americans believe real
estate is the “best” long-
term investment, over gold,
stocks, savings accounts
and bonds, according to a
new Gallup poll.

4. Market Confidence MeterMarket Confidence Meter
Fannie Mae’s March 2014
National Housing Survey
showed that 38% of people
surveyed said it is a good
time to sell a home!
This is up from 26% just
one year ago.

5. Market Confidence MeterMarket Confidence Meter
In New Jersey, the average
price of a home is predicted
to rise 6% by the end of
2014 above the average for
2013, according to the
Otteau Valuation Group’s
March forecast.

6. Historic Home Prices
Remember,
when adjusted for inflation,
American home prices increased by
an average of about half a percentage
point per year
from 1890 through 2008,
according to data compiled by Yale
University Professor Robert Shiller.
(www.USNews.com/money - Luke Mullins, March 4, 2010)

7. If you are a Buyer,
• with today’s low interest rates, hovering around 3.75% for 30-
year fixed-rate mortgages, AFFORDABILITY is HIGH !
• consult with an experienced New Jersey mortgage counselor to
assess your buying power and position yourself in the market.
If you are a Seller,
• Pinpoint pricing is all important in this challenging market.
• Professional staging can make all the difference in getting a
good, negotiable offer.
• Pre-inspections prevent later fall-throughs once you have a
contract for sale!
• Marketing for today’s buyers and the way they search for
homes–on the INTERNET, makes all the difference.
With an eye to Moving This Year!

8. Top Five Rules for Understanding
the Real Estate Market:
1. Real Estate is Local
2. Real Estate is Local
3. Real Estate is Local
4. Real Estate is Local.
5. Real Estate is Local

9. Real Estate is LOCAL!
Understand the Princeton Area Market
That you are Buying into
or
Selling out of!

10. How do we assess strength and vitality
in our real estate markets?
By checking the “Absorption Rate.”
This is the number of homes available
divided by the number of homes
that have gone under contract
in the past 30 days.
It is our most accurate measure
of current market strength.

11. Sample Market Absorption RateSample Market Absorption Rate
100 current active listings
4 reported sales in last 30 days
=
25
Months’
absorption
rate
Anytow n., NJ
5-6 Months Market Absorption Rate indicates a normal market.

12. 12
Market Absorption ScaleMarket Absorption Scale
(Absorption Rate in Months)(Absorption Rate in Months)

13. MarketAbsorptioninMonths
1
2
3
4
5
6
7
8
9
10
11
12
Normal
Market Scale for Supply & DemandMarket Scale for Supply & Demand
Weichert, Realtors has
been studying market
conditions for more than 3
decades and has found a
direct correlation between
market absorption rates
and property values.
As absorption rates increase
beyond a normal market
level of 5-6 months,
property values depreciate
annually. As they decrease
below 5 months, they
increase—inverse
proportion. Although
different markets may not
see the amount of decrease
shown here, the pressure on
prices will be similar.

14. 4/15/14
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 94 24 3.9 45 21 17 18.1% 2 2 16
West Windsor
Condo/
T.Houses
18 5 3.6 7 2 2 11.1% 0 0 4
West Windsor
55+ 5 0 999 2 2 -- -- 0 0 0
West Windsor
Single Family 71 19 3.7 36 17 15 21.1% 2 2 12
Lawrence: All
Styles 158 20 7.9 53 33 38 24% 6 3 15
Lawrence:
Condo/
THouses
37 8 4.6 10 2 9 24.3% 0 1 5
Lawrence:
55+ 9 1 9 3 2 -- -- 0 1 1
Lawrence:
Single Family 112 11 10.2 40 29 29 25.9% 6 1 9

15. 4/29/14
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
Plainsboro
All Styles 62 14 4.4 14 0 11 18% 4 0 9
Plainsboro
Condo/
THouses
29 9 3.2 4 (5) 2 7% 2 0 6
Plainsboro
55+ 11 1 11 3 2 3 27% 1 0 1
Plainsboro
Single
Family
22 4 5.5 7 3 6 27% 1 0 2
Cranbury:
All Styles 21 7 3 6 (1) 7 33% 2 0 1

16. 4/29/14
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
206 24 9 46 22 38 18% 6 5 20
Ewing :
Condo/
T.Houses
34 3 11 8 5 7 21% 2 1 7
Ewing
55+:
0 1 0 0 -1 --- --- 1 0 0
Ewing:
Single
Family
172 20 9 38 18 31 18% 3 4 13
East
Windsor:
All Styles
140 18 8 56 38 23 16% 4 3 17
East
Windsor:
Condo/
Thouses
77 9 9 29 20 11 14% 2 0 9
East
Windsor:
55+
11 1 11 6 5 --- --- 1 0 3
East
Windsor:
Single
Family
52 8 7 21 13 12 23% 1 3 5

17. 4/29/14
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
191 14 13.6 52 38 50 26.2% 3 1 12
Hopewell
Twp. Condo/
T.Houses
14 2 7 8 6 5 35.7% 0 0 4
Hopewell
Twp.:
55+
2 1 2 1 0 - - 0 0 0
Hopewell Twp
Single Family 175 11 15.9 43 32 45 25.7% 3 1 8
Hamilton: All
Styles 487 60 8.1 116 56 137 28.2% 16 15 38
Hamilton:
Condo/ THouses 92 11 8.4 20 9 26 28.3% 4 2 8
Hamilton:
55+ 7 0 99 2 2 - - 0 0 0
Hamilton:
Single Family 388 49 7.9 94 45 111 28.6% 12 13 30

18. 4/29/14
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 80 18 4 26 8 18 23% 5 4 17
Robbinsville
Condo/
T.Houses
45 11 4 16 5 9 20% 4 3 7
Single Family
35 7 5 10 3 9 26% 1 1 10
Hightstown
Boro: All
Styles
39 5 8 11 6 6 15% 2 2 2
Pennington
30 2 15 14 12 10 33% 1 3 2
Hopewell Boro
9 3 3 4 1 2 22% 2 1 3

19. 4/29/14
Towns Active
Listings
Pending in
Last 30
Days
Absorptio
n 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:
All Styles 139 18 7.7 46 28 18 12.9% 3 3 15
Princeton:
Condo/
Thouses
35 7 5 7 0 1 2.9% 2 1 1
Princeton:
Single
Family
104 11 9.5 39 28 17 16.3% 1 2 14

20. 4/29/14
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
166 18 9 63 45 18 11 16 1 21
South
BrunswickCon
do/ T.Houses
37 6 6 15 9 2 5 2 0 8
South
Brunswick
55+
29 3 10 6 3 2 7 3 1 2
South
Brunswick
Single Family
100 9 11 42 33 14 14 11 0 11
Monroe:
All Styles 364 35 10 121 84 49 13 27 6 68
Monroe:
55+ 181 23 7 72 49 26 14 12 3 55
Monroe:
Single Family 163 12 14 49 37 25 15 15 3 13

21. 4/29/14
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
Montgomery
All Styles 120 43 2.8 55 +12 23 19% 8 4 12
Montgomery
Condo/Twnhms 13 7 1.8 10 +3 0 0 0 1 4
Single Family
107 36 3.0 45 +9 23 21% 8 3 8
Hillsborough
All Styles 168 55 3.0 63 +8 29 17% 9 8 17
Hillsborough
Condo/Twnhms 65 23 2.8 26 +3 11 17% 7 5 4
Hillsborough
Single Family 103 32 3.1 37 +5 18 17% 2 3 13