Somerset, NJ market analysis for October

Somerset, NJ market analysis for October 2008

Compared to September 2008

October: September:

Active Listings = 507 554

Average LP = $ 380,315 $ 406,988

New Listings = 71 107

Average LP = $ 345,108 $ 391,593

Under Contract= 50 47

Average LP = $ 327,059 $ 343,984

Sold Listings = 43 54

Average SP = $ 339,517 $ 325,019

Average DOM = 86 82

Average SP/LP = 97% 95%

*Statistics based on information from Garden State MLS, L.L.C. Deemed reliable but not guaranteed.