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Somerville, NJ Market Analysis

By
Real Estate Agent with Weichert Realtors

Somerville, NJ market analysis for January 2008

Compared to December 2007

 

 

 

 

January:                                                                   December:

Active Listings = 60                                                   58                                                                        

            Average LP = $ 335,483                                 $ 349,591

New Listings    = 14                                                   9

            Average LP = $ 316,443                                 $ 276,700

Under Contract= 6                                                     5

            Average LP = $ 336,233                                 $ 421,960

Sold Listings    = 2                                                      5

            Average SP = $ 378,000                                  $ 284,200

            Average DOM = 80                                         66

            Average SP/LP = 95%                                     98%

 

 

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