Last week in Princeton inventory continued to build with 11 new listings coming to market, including 4 in Coming Soon status.
Contract activity was limited, with one property going under contract at $2,437,000 after 16 days on market.
Five properties closed during the week at an average sale price of $1,706,800 and a median of $1,830,000, representing 93.5 % of their list price. The average days on market for these transactions was 168. Notably, there was a $3,000,000 sale, marking the second closing above $3M in Princeton this year and underscoring continued activity at the upper end of the market.
Last week’s activity reflects a market that is continuing to evolve, with measured buyers placing greater emphasis on pricing strategy and overall positioning.
For my most recent longer-term analysis, click here.
Sylmarie "Syl" Trowbridge 