Mercer County, New Jersey Real Estate - Market Report 2008 - Year in Review

Monthly Statistics for the Date Range Selected
|
Date
|
Units Listed
|
Listed Volume
|
Listed Average
|
Pended
|
Units Sold
|
Sold Volume
|
Sold Average
|
Average DOM
|
|
Jan 2009
|
19
|
7,530,850
|
396,360
|
4
|
1
|
255,000
|
255,000
|
131
|
|
Dec 2008
|
264
|
93,969,511
|
355,945
|
124
|
164
|
44,900,825
|
273,785
|
86
|
|
Nov 2008
|
347
|
130,992,257
|
377,499
|
148
|
163
|
44,805,392
|
274,879
|
89
|
|
Oct 2008
|
460
|
145,227,890
|
315,712
|
166
|
200
|
66,339,997
|
331,699
|
94
|
|
Sep 2008
|
501
|
175,333,660
|
349,967
|
214
|
285
|
94,908,988
|
333,013
|
88
|
|
Aug 2008
|
510
|
158,742,205
|
311,259
|
242
|
316
|
127,991,838
|
405,037
|
82
|
|
July 2008
|
563
|
167,319,190
|
297,192
|
285
|
334
|
141,251,760
|
422,909
|
72
|
|
June 2008
|
608
|
200,811,584
|
330,282
|
291
|
345
|
139,842,091
|
405,339
|
71
|
|
May 2008
|
625
|
253,771,043
|
406,033
|
361
|
276
|
107,211,866
|
388,448
|
84
|
|
Apr 2008
|
769
|
286,608,278
|
372,702
|
313
|
244
|
82,896,352
|
339,739
|
89
|
|
Mar 2008
|
656
|
232,561,405
|
354,514
|
286
|
223
|
70,135,096
|
314,507
|
103
|
|
Feb 2008
|
597
|
220,582,215
|
369,484
|
266
|
165
|
57,241,870
|
346,920
|
95
|
|
Jan 2008
|
626
|
230,216,910
|
367,758
|
195
|
187
|
72,130,538
|
385,724
|
104
|
|
|
|
|
|
|
|
|
|
|
|
Totals:
|
6545
|
2,303,666,998
|
351,973
|
2895
|
2903
|
1,049,911,613
|
361,664
|
86
|
|
|
|
|
|
|
|
|
|
|
Inventory Accumulation for the Last 12 Full Months
|
|
|
|
|
|
|
Current Inventory *
|
Inventory Volume
|
Current Average
|
Average Monthly Sales**
|
Inventory Accumulation ***
|
|
2065
|
745,193,715
|
360,868
|
241
|
8
|
*Current Inventory is based on the actual available properties on the date this report was created.
**Average Monthly Sales is the average sales for the last 12 full months
***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales
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