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 Leave a comment »Montgomery Township NJ Real Estate Market Report - June & Six Months 2008This report provides insight into the state of the Montgomery Township real estate and could be useful for home buyers relocating to the Princeton area and those considering selling their Montgomery Township house. Looking for Greater Princeton homes for sale and wanting to understand the differences between various surrounding towns requires understanding of the local real estate market. If you are considering selling your Montgomery home this information could give you a sense of the market. I. Montgomery Real Estate Summary The slowing of the real estate market in Montgomery township is similar to Princeton in that there are fewer house being listed, going under contract, and being sold compare to the similar period of 2007. There were 39% less houses listed in June 2008 and 22% less in the first half year of 2008, compared to 2007. The Montgomery home sellers (similar to Princeton home sellers) are reluctant to put their houses on the market. Most of the market activity now is attributed to the home buyers and sellers relocating to the area because of job transfers or other family personal situations, requiring their move. There is also a category of Montgomery real estate buyers and sellers who are using this weakened market to upscale. There number of Montgomery homes sold declined 22% in June and 33% in the 1st six months compared to 2007. Factors contributing to these declines are the uncertainty of the home buyers, tightening credit market, increasing interest rates and other troubles with the economy. II. Montgomery Township Real Estate - June 2008 Montgomery Houses - Active June 2008 Number Condos Sold - 5 Category June 2008 June 2007 Montgomery Condos Under Contract (Pending) -June 2008 Number Condos Sold - 6 III. Montgomery Township Real Estate First Half 2008 Montgomery Houses Sold 01/2008-06/2008 Category Six Months 2008 Six Months 2007 Statistics based on Trend MLS 07/18/2008 and not guaranteed. Resources for selling and buying Princeton real estate: How To Buy And Sell Your Princeton Home Like A Pro Why Some Princeton Houses Sell Quickly How To Find A Real Estate Bargain|Princeton Real Estate Do You Want To Be A Successful Princeton Home Seller? Princeton Real Estate - Buyers Market and Multiple Offers Please call 609-553-4175 for services in Princeton, Montgomery Township, West Windsor, Plainsboro, Princeton Junction, Hopewell, Pennington, and Lawrenceville New Jersey.New Jersey Real estate, New Jersey homes for sale and/or listing New Jersey homes to sell, relocation services and assistance. Referrals are accepted. Countrywide and international relocation program is available. Faina Sechzer does not guarantee or is in any way responsible for accuracy of the information on this site, and provides said information without warranties of any kind, either expressed or implied. Every consumer is urged to perform their own research and analysis. Copyright © 2008 Faina Sechzer All rights reserved. This information cannot be copied, reproduced, transmitted, distributed, displayed or published.
Related PostsPrinceton NJ Real Estate Market Report - Montgomery Township Real Estate Inventory January 2008Montgomery Township NJ Real Estate Market Report - June & Six Months 2008 Comment on this article This post has no comments awaiting moderation. |
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