Last week in Princeton, just one new listing came to market, two homes went under contract, and two properties closed.
Both homes that closed sold above their original asking prices, averaging 104.5% of their original list prices after 27 days on the market.
Meanwhile, the two properties that went under contract had asking prices ranging from $799,000 to $1,868,000.
There was also one price reduction during the week. The property’s asking price was reduced by $100,000, from $2,760,000 to $2,660,000, after 95 days on the market. Since its original listing at $2,860,000, the property has seen a cumulative price reduction of approximately 7%.
For my most recent longer-term analysis of the Princeton real estate market, click here.
If you have any questions about the Princeton real estate market or would like to discuss your own real estate goals, please feel free to reach out. I am always happy to be a resource
