Happy May Day!

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We can’t believe it is May 1st and soon we will be celebrating Memorial Day! That is crazy! As you know it has been a busy spring market thus far, probably why time seems to be flying. Curious how the Princeton residential real estate market faired in April? According to TREND MLS, there was a healthy 6% increase in the average sale price and there was another +$2M sales last month. Units listed were +29%, average units sold +86% and the average days on market was down 36%.  Which means we can now tell a new story! April experienced the first increase in units listed this year! 75 homes were introduced last month and when a well-priced home comes on the market, it is sells fast!  So what will the month of May bring? Well, there are some great questions to ponder. Did homeowners decide to wait and see and are now eager to list their homes? Will buyers who have lost homes due to bidding wars be ready to pounce?  We can’t wait to see what exciting trends this spring market will continue to experience. Speaking of market, if you are thinking about buying or selling your home, or like us love statistics and want to learn more about Princeton and/or the surrounding areas, feel free to email us! Sig & Syl

 

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