Author: syltrow

I am a Sales Associate at Callaway Henderson Sotheby's International Realty in Princeton, NJ.

July and the Princeton Residential Real Estate Market: Low Inventory Continues to Affect Pricing

July 18, 2023

The 2023 Princeton residential real estate story remains the same – low inventory continues to affect pricing. Last month, Units Sold decreased (-19%), and Units Pended were flat (27 vs. 27) compared to June 2022, despite having -14% fewer listings. The Days on Market (DOM), while higher than last June’s unbelievable 15 days, was still … More July and the Princeton Residential Real Estate Market: Low Inventory Continues to Affect Pricing

Price Appreciation Continues Due to Low Inventory: May and the Princeton Residential Real Estate Market

June 8, 2023

May 2023 experienced the same Unit Sales (26 vs. 26) and a +33% increase in Units Pended (28 vs. 21) compared to May 2022, despite having -11% fewer listings (32 vs. 36). The Days on Market (DOM), while higher than last May (22), was still only 35 days; less than half of the time it … More Price Appreciation Continues Due to Low Inventory: May and the Princeton Residential Real Estate Market

The Lack of Inventory Tale Continues: April 2023 and the Princeton Residential Real Estate Market

May 16, 2023

The lack of inventory tale continued last month with a -23% decrease in Units Listed compared to April 2022 and a -56% decrease compared to April 2019, a pre-pandemic year. This lack of inventory affected last month’s Units Sold (-50%) and Units Pended (-14%) compared to April 2022, Interestingly with only 37 Units Listed, there were still … More The Lack of Inventory Tale Continues: April 2023 and the Princeton Residential Real Estate Market

Introducing: 7 Evelyn Place, Princeton, NJ 08540

May 9, 2023

With a fascinating history and remarkably preserved architectural features, “The Pines” is a town treasure about which even lifelong locals may know very little. While steps from bustling Nassau Street, the location at the end of a quiet lane is not on most tourist’s radar. Built in 1880 in the Shingle Style, rare in Princeton … More Introducing: 7 Evelyn Place, Princeton, NJ 08540

The Recurring Lack of Inventory Tale: March 2023 and the Princeton Residential Real Estate Market

April 10, 2023

Like last month, the March 2023 sales data continues to show that we are in a transitioning market and that we need new inventory. As you will see, the year-over-year (YOY) sales reflect the lack of new listings and we can’t help but wonder where we would be if there was more inventory to sell.  So what happened in March 2023? Units Sold (-22%),  Units … More The Recurring Lack of Inventory Tale: March 2023 and the Princeton Residential Real Estate Market