Franklin Township Market Report - March 2011

What happened in our marketplace - March

According to the Garden State MLS, the month of March, 2011 ended with 30 Franklin Township single family residences sold. Franklin Township sale prices ranged between $134,000 and $619,900. The average** selling price for the month was $262,678. Average days on the market (DOM) for March was 120. The list price to sold price ratio averaged 95%. The month ended with 438 active listings on the market ranging in price from $95,000 to $1,250,000. The month of January ended with 94 Franklin Township residential properties under contract.

That's what is happening in the Somerset, NJ marketplace now, April 11, 2011.

If you have a question about a specific property in town, or housing stats for surrounding areas, please don't hesitate to contact me. **An average price is calculated by adding up all the values in a distribution and then dividing the sum by the total number of values contained in that distribution. To find a median value, one takes all of the values in the distribution, sorts in ascending order, lines them up and finds the middle value.

Source: Garden State MLS, L.L.C. **Info. deemed RELIABLE but not GUARANTEED - ALL Room Sizes are Approx.** The links will expire 60 days from 4/11/011.