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
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
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
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
Moving to Princeton 