Happy New Year! It goes without saying that last year was another unbelievable year for the Princeton residential real estate market. There were increases across the board in Units Sold (+33%, 370 vs. 278), Average Sale Price (+13%, $1,171,115 vs. $1,039,280), and Units Listed (+13%, 446 vs. 395). On the other hand, the average … More 2021 Princeton Residential Real Estate Year-in-Review
As with most of this year, absorption was the recurring theme in October. The Average Days on Market was only 40 days – a -25% decrease (40 vs. 53) compared to the same time last year. Units Sold were up slightly (+4%, 25 vs. 24) and Units Pended increased +21% (29 vs. 24), while Units Listed … More October and the Princeton Residential Real Estate Market
This is the definitely the month where comparing the year-over-year data is going to look, for lack of a better word, wonky. In April 2020 we were in the midst of stay-at-home orders while trying to navigate the residential real estate sales process. Therefore it’s no surprise that as we compare April 2021 to April 2020, … More April and the Princeton Residential Real Estate Market
What was January’s residential real estate story? Contracts were up dramatically and we need new inventory! In January 2021 Units Pended were up 140% (24 vs. 10) and Units Sold increased (+42%,17 vs. 12) compared to January 2020. Units Listed were down (-17%, 19 vs. 23) as were Days on Market (-13%,109 vs. 125) versus the … More January and the Princeton Residential Real Estate Market
As you know, we typically start our year-in-review newsletter with some personal reflections and well wishes. After the extraordinary year we have all had, we are going to keep this one pretty simple…here’s to health and optimism in 2021! It goes without saying that last year was an unbelievable year. Considering there was a … More 2020 Princeton Residential Real Estate Year-in-Review
Moving to Princeton 