Pennington, New Jersey Real Estate - Market Report February 2009 - The Real Voice of New Jersey Real Estate

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Pennington, New Jersey Real Estate - Market Report February 2009

Desiree Daniels

Monthly Statistics for the Date Range Selected

Date	Units Listed	Listed Volume	Listed Average	Pended	Units Sold	Sold Volume	Sold Average	Average DOM
Feb 2009	1	342,500	342,500	0	1	575,000	575,000	81
Jan 2009	6	3,311,500	551,916	0	0	N/A	N/A	N/A
Dec 2008	1	519,000	519,000	6	1	600,000	600,000	103
Nov 2008	3	1,383,500	461,166	0	1	310,000	310,000	55

Totals:	11	5,556,500	505,136	6	3	1,485,000	495,000	79

Inventory Accumulation for the Last 12 Full Months


Current Inventory *	Inventory Volume	Current Average	Average Monthly Sales**	Inventory Accumulation ***
16	8,028,900	501,806	3	5

*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

Pricing Details of Sold Units for the Date Range Selected

Minimum Prices	Maximum Prices	Average Prices
Original List Price : $329,900	Original List Price: $709,900	Original List Price: $559,600
Sold Price : $310,000	Sold Price: $600,000	Sold Price: $495,000

Inventory Accumulation figures are only calculated when Report End Month is the current month

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Leave a comment » Posted by Desiree Daniels February 12, 2009 10:21:23

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