Happy Summer!!!

Image

 

School is out and summer is now in full swing! We hope everyone has some fun trips planned to enjoy this great time of year.  But before you head off to the beach, lake or mountains, we wanted to share some recent statistics.  According to TREND MLS in the month of July there was a healthy 19% increase in the average sale price, units listed were -5%, units pending -48% while units sold +35% and the average days on market was -14%.  Year-to-date through June the average sale price was +21%, units listed were +4%, units pending +15%, units sold +25% and the average days on market was -17%.  So what is the real deal? Between bidding wars and quick sales, it has been a busy and exciting 6 months.  Did you know there were 19 sales over $1M in the month of June compared to 7 sales the same time last year?  Outside of the macroeconomic factors encouraging the positive momentum in residential real estate, we believe due to the increase in market activity, and the more recent assessments, both buyers and sellers feel more confident about establishing value.  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! Have a happy and safe 4th of July! Sig & Syl

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s