Mercer County New Jersey - April-June Market Report 2007 - And some Commentary

This is a current Statistical report on Mercer County - Please note that we have now increased to a 9 month market supply. What does that mean to you the public.... well when the supply and demand ratio is off is when we see sales slow up and prices reduce. In a good market the supply is 5-6 months... In the beginning of the year we were averaging 6-7 months so we are again headed to a slow up ...... Sit tight the market will correct itself. If you have any more questions on the market condition in Mercer County or the surrounding areas please don't hesitate to contact me at (609) 448-2222 or feel free to email me at TriCtyHomes4Sale@aol.com

Regards - Desiree Daniels

Monthly Statistics for the Date Range Selected

Inventory Accumulation for the Last 12 Full Months

*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

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

© Copyright 2007 TREND MLS - Information Deemed Reliable but Not Guaranteed. Printed 6/13/2007 1:26:01 PM