Somerset, NJ market analysis for February 2009

Somerset, NJ market analysis for February 2009

Compared to January 2009

February: January:

Active Listings = 427 413

Average LP = $ 380,646 $ 381,568

New Listings = 92 97

Average LP = $ 368,235 $ 365,279

Under Contract= 30 25

Average LP = $ 361,916 $ 305,498

Sold Listings = 20 24

Average SP = $ 411,150 $ 302,185

Average DOM = 91 84

Average SP/LP = 137% 95%

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