2022 Princeton Residential Real Estate Year-in-Review

Last year was another interesting year for the Princeton residential real estate market. The beginning of 2022 was filled with multiple bids, quick sales, and fewer listings. A property would be introduced on Thursday and under contract by the following Tuesday. Sometime in the mid-to-late second quarter, a shift occurred. The market changed from the … More 2022 Princeton Residential Real Estate Year-in-Review

October 2022 and the Princeton Residential Real Estate Market

Like last month, the October 2022 data is going to look a bit wonky compared to October 2021. The Average Sold Price (+24%) and the Median Sale Price (+55%) both experienced material increases. Units Sold (-15%), Units Listed (-4%), Units Pended (-38%), and Days on Market (-7%) all decreased compared to October 2021. In other … More October 2022 and the Princeton Residential Real Estate Market

September 2022 and the Princeton Residential Real Estate Market

Given the extraordinary Princeton residential real estate pandemic-related market activity in the last two years, the September 2022 data that I am about to share is going to sound pretty remarkable. And like last month, I thought it would be helpful to provide years worth of data in order to include the last pre-pandemic year … More September 2022 and the Princeton Residential Real Estate Market

August 2022 and the Princeton Residential Real Estate Market

Rather than reiterate the macro headlines highlighting geopolitical risks, inflation, and the rise in interest rates to explain the current state of the Princeton residential real estate market, we are going to explore the data in a way that will hopefully shed some light as to what happened in August and where the market might … More August 2022 and the Princeton Residential Real Estate Market

July 2022 and the Princeton Residential Real Estate Market

We are definitely in a transitional market and while we normally share year-over-year statistics, we thought it would be helpful to look at the last four years of data to included pre-pandemic information for better context and perspective. When comparing July 2022 to July 2021, Units Sold (-33%), Units Listed (-23%), and Units Pended (-30%) all … More July 2022 and the Princeton Residential Real Estate Market