May, just like April, is another month where the data is going to look very wonky for obvious reasons. It’s no surprise when comparing May 2021 to May 2020 extraordinary increases are seen in nearly every metric other than Days on Market (DOM) where we see a significant decrease (-45%, 48 vs. 87) and Units Listed where the … More
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
Much like February, March was busy with multiple bids and quick absorption of new inventory. For example, March 2021 experienced a -57% decrease in Days on Market (63 vs. 146), a +24% increase in Units Listed (51 vs. 41), and a +113% increase in Units Pended (49 vs. 23) compared to March 2020. Of the 51 … More March and the Princeton Residential Real Estate Market
What was February’s residential real estate story? MULTIPLE BIDS. February 2021 experienced a +30% increase in Units Pended (26 vs. 20) and a +45% in Units Sold (16 vs. 11) compared to February 2020. The average Days on Market drastically decreased by -62% (51 vs. 133). There was also a slight increase in the Average Sale Price … More February 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
