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Most recent home sale statistics for West Windsor, NJ (Princeton Junction)

By
Real Estate Agent with RE/MAX Greater Princeton

Another month is over and it was a good one! West Windsor, in Mercer County, NJ has continued to outpace most of the rest of the state and immediate area with brisk home sales and steady prices. As you can see from the spreadsheet below, June saw a decline in the number of homes coming on the market (39 vs. about 60 for the previous 2 months) and the average days on the market fell from to 48 versus 78 the previous month! We at Re/Max Greater Princeton helped that statistic with several homes we had sell in under 2 weeks recently -- some with multiple offers as well!

Another interesting statistic is the "Inventory Accumulation" which is the total inventory of homes for sale divided by the number of sales monthly (over the past 12 months). This statistic is also referred to the 'months of supply.' While all of Mercer County, NJ has a 10 month supply, West Windsor is half that at only 5 months!

Monthly Statistics

Date

Units Listed

Listed Volume

Listed Average

Pended

Units Sold

Sold Volume

Sold Average

Average DOM

June 2008

39

22,041,162

565,158

28

31

16,584,683

534,989

48

May 2008

58

35,819,692

617,580

40

34

18,608,500

547,308

78

Apr 2008

61

39,656,120

650,100

39

16

7,731,000

483,187

57

 

 

 

 

 

 

 

 

 

Totals:

158

97,516,974

617,196

107

81

42,924,183

529,928

62

  

  

  

  

  

  

  

  

  

 

Inventory Accumulation for the Last 12 Full Months

  

  

  

  

  

Current Inventory *

Inventory Volume

Current Average

Average Monthly Sales**

Inventory Accumulation ***

147

92,630,285

630,137

29

5


*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 month
***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales

For more home local market information and to search thousands of homes for sale,
visit my website at www.Central-NJ-Homes.com