Hamilton, New Jersey Real Estate - Market Report - January-September 2009

By
Real Estate Agent with RE/MAX Tri County

Great News for Hamilton, New Jersey home owners, homes for sale in Hamilton have been on the move continuously for several months now.    With the average number of homes sold per month being 54, we have sold more than the average every month consistently since May!  

So what does all this good news mean to you?   Well basically it means that home sales are on the rise again in Hamilton, New Jersey.  Now that does NOT mean that prices of homes have gone up, it does mean that the number of contracts written has gone up.    If you are considering selling a home in Hamilton, New Jersey, now might be a great time to do that.    With buyers still out there trying to take advantage of the $8000 tax credit new inventory is always needed.

If you need additional information or would like a free home market anaylsis please call The Desiree Daniels Team at (609) 448-2222 (home)

Monthly Statistics for the Date Range Selected

Date

Units Listed

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

Sep 2009

6

 

359,838

2

2

409,862

204,931

51

Aug 2009

123

 

263,519

68

81

19,696,000

243,160

97

July 2009

126

 

292,504

91

84

18,974,470

225,886

92

June 2009

146

 

251,873

98

74

18,081,400

244,343

78

May 2009

152

 

255,194

82

56

13,418,056

239,608

94

Apr 2009

161

 

240,913

51

50

11,249,200

224,984

84

Mar 2009

128

 

245,460

66

51

10,994,510

215,578

106

Feb 2009

126

 

239,719

64

28

5,935,900

211,996

122

Jan 2009

135

 

247,742

50

37

8,447,401

228,308

96

 

 

 

 

 

 

 

 

 

Totals:

1103

254,620

572

463

107,206,799

231,548

93

  

  

  

  

  

  

  

  

  

 

Inventory Accumulation for the Last 12 Full Months

  

  

  

  

  

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

553

154,825,815

279,974

54

10

*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

 

  

Comments (3)

Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Desiree - looks like similar trends to what I have seen and heard reported in many other areas. Will be interesting to see what, if anything happens when the tqax credit ends - hopefully it will get extended. We need more inventory at the lower end as well.

Jeff

Sep 03, 2009 02:13 AM
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Desiree, this tells me that, whether or not it's a good time to sell, it is certainly a good time to buy! 

Sep 03, 2009 02:58 AM
Frank Mancino
Finance of America Mortgage - Hamilton, NJ
Frank Mancino

Very Positive news for Hamilton

Nov 18, 2009 01:35 AM