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Home Prices in Princeton NJ January 2014
Home prices in Princeton NJ
Home prices in Princeton NJ continue to rise which have set expectations for a robust Spring 2014 real estate market.  We have seen 18 straight months of sold price increases on home prices in Princeton NJ and don’t expect things to slow down anytime soon. Despite the rise of mortgage interest rates, there's a pent up demand for housing. Note the luxury market for homes above $2 million have continued to remain sluggish as the sole exception. If you are considering buying a home you can still find values in a home in Princeton NJ. However, having a good real estate agent who understands the local market is a must.  Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market with multiple offers.The median numer of Days on Market is 121. As you can see from the graph above, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Princeton NJ home on which you are making an offer.
Princeton Market Inventory Trends
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