April - Middlesex County Real Estate Statistics and Market Commentary. Part #2
By Catherine Chaudemanche - Edison & Central NJ, Full Time, Informed and Involved- Results Driven
(Metuchen Keller Williams Elite Realty / Middlesex County, NJ)
-Middlesex County Statistics and Commentary (Residential one family only; does not include Townhouses/Condos/Multi-family)*- Middlesex County Trends April 2009* Previous Month** April 2008 Active Inventory 2874 2747 (+4.62%) N/A New Homes Listed 785 765 (+2.61%) 913 (-14.01%) Sold Homes 213 200 (+6.5%) 308 (-30.84%) Median Sold Price $310,000 $299,950 (+3.35%) $372,500 (-16.78%) Average Sold Price $321,665 $316,381 (+1.67%) $412,765 (-22.07%) Sold Price/Asking Price Ratio 94.00% 94.00% 95% (-1.05%) Days on Market 89 97 (-8.24%) 77 (+15.58%) Days of Inventory 405 426 (-4.92%) N/A *Calculated on 05/07/09 **Calculated on 04/07/09 PART #2: Both median and average sold prices are higher than the previous month (+3.35% @ $310,000 and +1.67% @ $321,665 respectively).Median home price is back...
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