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

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

Much like January 2023, the February 2023 sales data continues to show that we are in a transitioning market and that we need new inventory. As you will see, the statistics we are about to share look a bit wonky and we can’t help but wonder where we would be if there was more inventory … More February 2023 and the Princeton Residential Real Estate Market

The January 2023 sales data further proves that we are in a transitioning market and we need new inventory. There were material decreases in Units Sold (-56%), in Units Pended (-57%), and in Days on Market (-40%) while Units Listed (+26%), Average Sale Price (+25%), and Median Sale Price (+23%) all significantly increased in January 2023 versus January 2022. In other … More January 2023 and the Princeton Residential Real Estate Market