This is a real estate market report feature of the Princeton Real Estate Blog I started this year, because people, even those who are not planning to buy or sell their homes, ask me about it so often. 

This interest is understandable.  There is a deep concern about what the state of the housing market means to all of us. Of course, some people are simply curios about what their neighbors sold their house for, which could give them the idea of the value of their home.   

In this country the condition of the real estate market has an affect on many, if not most people, be it in the value of our own homes, real estate investments we have, rents we pay, or  broader implications for the economy, jobs, etc. The news as reported by the media is confusing and often contradictory, and the clarity is hard to come by, something I wrote about before.

This view of the houses sold in February 2008 give us a bit of hard core data, that can help make more sense out of what is going on in the Princeton real estate market. I can provide information for home buyers and sellers and those who are simply want to be in the know. It can also be used by those sellers who decide to venture into the FSBO route, but with the caveat "at your own risk". 

• Number of houses sold                        70% lower then in February 2007.

• Median Price                                           20% higher then in February 2007

• Average Days On the Market             26% lower then in February 2007

If you would like to know what houses sold in last months and at what price, you can find it here*

 If you would like to learn more about the housing market in the greater Princeton area:

15 Reasons you should not buy a home now ...5 reasons you should

What Did That House Sell For? January 2008

Who Else Wants Clarity About Real Estate Prices

Is Princeton Real Estate Local or Global?

Secrets To Buying A House In This Market

Secrets To Home Selling In A Bad Market

* Information is based on the data in Trend MLS and is not guaranteed.  ____________________________________________________________________________________________________________________________

If you want to stay current on the greater Princeton real estate, places, people and events, please  subcribe using a feed reader or    through the e-mail on the right side of the page.