Weichert RealtorsPrinceton Boro & Twp.

Market Update

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Princeton Boro Inventory Trend

Princeton Twp. Inventory Trend

Sample Market Absorption RateSample Market Absorption Rate

107 current active listings

4 reported sales in last 30 days=

24.3months

absorptionrate

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 & Market Scale for Supply & DemandDemand

High Supply/Low Demand Low Supply/High DemandNormal

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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.

4/24/10Towns Active

ListingsPending 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-BoroSingle 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

4/24/10Price 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 0 991.0 – 1.3 million 3 0 991.3 – 1.7 million 2 0 99

1.7 + 18 0 99

Pton Twp. Absorption rate by Price

4/24/10Price 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