“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Pennington Market Report - January - June 2008

Pennington, New Jersey Real Estate Market Report

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

June 2008

3

1,469,900

489,966

2

4

2,163,500

540,875

63

May 2008

6

3,576,400

596,066

4

4

2,216,500

554,125

51

Apr 2008

8

4,487,700

560,962

2

5

1,817,000

363,400

111

Mar 2008

5

2,926,400

585,280

8

0

N/A

N/A

N/A

Feb 2008

5

3,281,400

656,280

1

0

N/A

N/A

N/A

Jan 2008

7

3,478,000

496,857

1

3

1,443,000

481,000

126

Totals:

34

19,219,800

565,288

18

16

7,640,000

477,500

87

Inventory Accumulation for the Last 12 Full Months

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

21

11,547,600

549,885

3

7

*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 : $199,900

Original List Price: $899,000

Original List Price: $504,893

Sold Price : $185,000

Sold Price: $899,000

Sold Price: $477,500

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

Market Statistics Criteria Used

Date Range:

1/2008 to 6/2008

Price Range:

$0 to $99,999,000

Property Category:

Residential

Area:

Pennington Boro

search New Jersey Homes for sale Robbinsville NJ real estate New Jersey Real Estate Market New Jersey Real Estate Agents

Posted Thursday Jun 26