Mercer County NJ, Real Estate Market History

Mercer County, NJSingle-Family

Includes data through 1/2011

Presented by:Doug Gibbons, Broker Assoc.RE/MAX of Princeton

For more info: Call (609) 439-6571

Market History Report © Copyright 2011 TREND. Compiled on 2/10/2011. Information deemed reliable, but not guaranteed. Contact TREND for reprint permission.

• 660 American Avenue, Suite 203 • King of Prussia, PA 19406 • 1-877-330-9900 • www.trendmls.com

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Market History Report

The Market History Report details current and historical statistical information for single-family listings recorded within TREND. This statistical report is organized by county and contains valuable month-over-month, year-over-year statistical information for each of the last 10 years. The Market History Report details activity in a particular market over a 10-year period – from where it’s been to where it’s at now. The easy-to-read month-over-month, year-over-year chart and graph enables you to clearly identify the year-over-year changes while accounting for seasonal and market trends.

Utilizing the report allows you to gain a better understanding of your market. This will

give you new insights and increase your company’s value when working with consumers. This powerful report is provided exclusively to TREND members.

Contents Total Inventory ............................................................................................................... 3 Inventory Accumulation ................................................................................................. 4 Pending Units ................................................................................................................ 5 Settled Units .................................................................................................................. 6 Total Settled Volume ..................................................................................................... 7 Median Settled Price ...................................................................................................... 8 Average Settled Price .................................................................................................... 9 Average Settled Price / Original Price .......................................................................... 10

Definit ions Total Inventory The number of active single-family listings on the market on the

last day of the specified month.

Inventory Accumulation

The number of months it would take to exhaust the current supply of single-family listings at the current absorption rate.

Absorption Rate The average number of single-family listings sold in the market per month over the previous 12 months.

Pending Units The number of single-family listings with Pending dates during the specified month.

Settled Units The number of single-family listings with Settled dates during the specified month.

Total Settled Volume

The total dollar volume of single-family listings that have settled during the specified month.

Median Settled Price

The median price that single-family listings settled for during the specified month. Determined by arranging all Settled Listings in numerical order by price and then selecting the middle value.

Average Settled Price

The average price that single-family listings settled for during the specified month. Determined by dividing the Total Settled Volume by the number of Settled Listings.

Average Settled Price / Original Price

The average percentage of the Original Price that single-family listings settled for during the specified month. This number is determined by dividing the Settled Price by the Original Price for every listing, summing them and then dividing by the number of settled listings. TREND excludes listings if the Settled Price is greater than 150 percent or less than 50 percent of the Original Price. This ensures the percentage is more representative of listings in the market area.

Percent Change The change in value as compared to the same month of the previous year. Indicated by +/-0.0%.

Notes on Statistics

• All statistics are from TREND’s monthly Residential Activity Reports. Due to the fluid nature of MLS data, insignificant statistical variations may occur with regard to sales activity between the various TREND reports.

• Mobile homes and condominiums are excluded from these statistics. • This report includes information on listings and transactions facilitated through TREND and does not reflect the total number of listings and transactions of a given market area. • All monetary statistics are rounded to the nearest $10.

0

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3,000

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2002

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2006

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2011

Mercer County, NJ - Single-Family - Total Inventory

1,209 1,218 1,207 1,250 1,255 1,170 1,139 1,150 1,230 1,211 1,151 1,053-7.9% -7.3% -12.9% -15.0% -12.8% -20.2% -21.8% -19.4% -8.3% -12.1% -11.9% -8.8%

1,051 1,106 1,213 1,298 1,354 1,400 1,388 1,381 1,400 1,369 1,288 1,132-13.1% -9.2% 0.5% 3.8% 7.9% 19.7% 21.9% 20.1% 13.8% 13.0% 11.9% 7.5%

1,140 1,167 1,248 1,326 1,379 1,500 1,474 1,458 1,467 1,486 1,429 1,2638.5% 5.5% 2.9% 2.2% 1.8% 7.1% 6.2% 5.6% 4.8% 8.5% 10.9% 11.6%

1,306 1,362 1,468 1,626 1,670 1,814 1,788 1,858 1,961 1,946 1,954 1,75714.6% 16.7% 17.6% 22.6% 21.1% 20.9% 21.3% 27.4% 33.7% 31.0% 36.7% 39.1%

1,892 2,047 2,142 2,359 2,537 2,615 2,600 2,632 2,712 2,629 2,518 2,18444.9% 50.3% 45.9% 45.1% 51.9% 44.2% 45.4% 41.7% 38.3% 35.1% 28.9% 24.3%

2,244 2,280 2,368 2,577 2,747 2,855 2,848 2,810 2,766 2,634 2,484 2,28418.6% 11.4% 10.6% 9.2% 8.3% 9.2% 9.5% 6.8% 2.0% 0.2% -1.4% 4.6%

2,299 2,283 2,352 2,526 2,459 2,529 2,471 2,412 2,427 2,359 2,274 2,0652.5% 0.1% -0.7% -2.0% -10.5% -11.4% -13.2% -14.2% -12.3% -10.4% -8.5% -9.6%

2,091 2,139 2,206 2,311 2,338 2,334 2,237 2,209 2,185 2,136 2,115 1,960-9.0% -6.3% -6.2% -8.5% -4.9% -7.7% -9.5% -8.4% -10.0% -9.5% -7.0% -5.1%

2,005 2,116 2,302 2,420 2,445 2,572 2,542 2,588 2,557 2,416 2,322 2,091-4.1% -1.1% 4.4% 4.7% 4.6% 10.2% 13.6% 17.2% 17.0% 13.1% 9.8% 6.7%

2,0783.6%



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0

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4

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2002

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2011

Mercer County, NJ - Single-Family - Inventory Accumulation

4.2 4.3 4.1 4.2 4.2 3.9 3.7 3.7 3.9 3.9 3.6 3.3-4.5% -2.3% -12.8% -16.0% -16.0% -23.5% -26.0% -24.5% -17.0% -18.8% -21.7% -19.5%

3.2 3.4 3.7 4.0 4.2 4.3 4.3 4.3 4.2 4.1 3.8 3.3-23.8% -20.9% -9.8% -4.8% 0.0% 10.3% 16.2% 16.2% 7.7% 5.1% 5.6% 0.0%

3.4 3.4 3.6 3.8 3.8 4.0 3.9 3.8 3.9 3.9 3.7 3.36.2% 0.0% -2.7% -5.0% -9.5% -7.0% -9.3% -11.6% -7.1% -4.9% -2.6% 0.0%

3.4 3.5 3.8 4.2 4.4 4.8 4.8 4.9 5.1 5.1 5.1 4.60.0% 2.9% 5.6% 10.5% 15.8% 20.0% 23.1% 28.9% 30.8% 30.8% 37.8% 39.4%

5.1 5.5 5.8 6.4 6.8 7.2 7.3 7.7 8.2 8.0 7.9 7.050.0% 57.1% 52.6% 52.4% 54.5% 50.0% 52.1% 57.1% 60.8% 56.9% 54.9% 52.2%

7.2 7.3 7.5 8.3 9.1 9.6 9.6 9.7 9.7 9.4 8.8 8.241.2% 32.7% 29.3% 29.7% 33.8% 33.3% 31.5% 26.0% 18.3% 17.5% 11.4% 17.1%

8.4 8.5 9.1 10.0 10.0 10.6 10.5 10.6 10.5 10.5 10.6 9.916.7% 16.4% 21.3% 20.5% 9.9% 10.4% 9.4% 9.3% 8.2% 11.7% 20.5% 20.7%

10.2 10.6 11.1 11.6 12.1 12.2 11.7 11.6 11.4 10.8 10.3 9.321.4% 24.7% 22.0% 16.0% 21.0% 15.1% 11.4% 9.4% 8.6% 2.9% -2.8% -6.1%

9.4 10.0 10.6 11.2 11.1 11.1 11.3 11.9 12.2 11.9 11.7 10.5-7.8% -5.7% -4.5% -3.4% -8.3% -9.0% -3.4% 2.6% 7.0% 10.2% 13.6% 12.9%

10.511.7%



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2011

Mercer County, NJ - Single-Family - Pending Units

294 341 384 406 395 399 413 324 318 350 289 21030.1% 21.4% 32.0% 21.2% 11.9% 35.3% 32.8% 14.9% 41.3% 33.6% 0.0% -7.5%

307 280 379 381 407 437 424 390 353 346 299 2624.4% -17.9% -1.3% -6.2% 3.0% 9.5% 2.7% 20.4% 11.0% -1.1% 3.5% 24.8%

286 397 505 475 470 461 412 422 378 335 371 272-6.8% 41.8% 33.2% 24.7% 15.5% 5.5% -2.8% 8.2% 7.1% -3.2% 24.1% 3.8%

297 366 421 481 499 459 447 414 348 330 265 2193.8% -7.8% -16.6% 1.3% 6.2% -0.4% 8.5% -1.9% -7.9% -1.5% -28.6% -19.5%

272 310 416 385 373 361 325 290 254 282 233 218-8.4% -15.3% -1.2% -20.0% -25.3% -21.4% -27.3% -30.0% -27.0% -14.5% -12.1% -0.5%

271 284 352 315 355 329 310 249 219 251 194 147-0.4% -8.4% -15.4% -18.2% -4.8% -8.9% -4.6% -14.1% -13.8% -11.0% -16.7% -32.6%

168 233 251 275 308 242 247 213 180 137 127 128-38.0% -18.0% -28.7% -12.7% -13.2% -26.4% -20.3% -14.5% -17.8% -45.4% -34.5% -12.9%

141 193 230 230 281 290 272 249 248 240 173 138-16.1% -17.2% -8.4% -16.4% -8.8% 19.8% 10.1% 16.9% 37.8% 75.2% 36.2% 7.8%

193 188 259 364 216 211 174 177 175 188 173 14536.9% -2.6% 12.6% 58.3% -23.1% -27.2% -36.0% -28.9% -29.4% -21.7% 0.0% 5.1%

148-23.3%



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Mercer County, NJ - Single-Family - Settled Units

223 210 293 297 335 394 444 441 313 306 308 32313.8% 2.4% 27.4% 36.9% 22.7% 0.5% 19.4% 15.1% 6.5% 2.3% 15.4% 28.7%

259 210 271 276 304 425 418 470 389 391 297 36816.1% 0.0% -7.5% -7.1% -9.3% 7.9% -5.9% 6.6% 24.3% 27.8% -3.6% 13.9%

262 218 327 372 401 537 520 481 391 372 354 3651.2% 3.8% 20.7% 34.8% 31.9% 26.4% 24.4% 2.3% 0.5% -4.9% 19.2% -0.8%

295 229 333 339 347 544 421 593 415 360 367 29312.6% 5.0% 1.8% -8.9% -13.5% 1.3% -19.0% 23.3% 6.1% -3.2% 3.7% -19.7%

230 215 284 320 406 445 361 407 290 291 246 254-22.0% -6.1% -14.7% -5.6% 17.0% -18.2% -14.3% -31.4% -30.1% -19.2% -33.0% -13.3%

216 217 311 264 308 387 347 345 221 238 248 210-6.1% 0.9% 9.5% -17.5% -24.1% -13.0% -3.9% -15.2% -23.8% -18.2% 0.8% -17.3%

166 145 191 204 241 294 296 266 253 167 136 148-23.1% -33.2% -38.6% -22.7% -21.8% -24.0% -14.7% -22.9% 14.5% -29.8% -45.2% -29.5%

108 114 160 203 178 265 284 278 255 243 232 197-34.9% -21.4% -16.2% -0.5% -26.1% -9.9% -4.1% 4.5% 0.8% 45.5% 70.6% 33.1%

146 102 208 202 223 399 209 194 167 163 177 20635.2% -10.5% 30.0% -0.5% 25.3% 50.6% -26.4% -30.2% -34.5% -32.9% -23.7% 4.6%

132-9.6%



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$0

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2011

Mercer County, NJ - Single-Family - Total Settled Volume

Values on this report are displayed in Millions

$54 $44 $64 $64 $84 $123 $131 $136 $78 $75 $66 $9123.1% 15.5% 25.1% 37.1% 45.5% 36.1% 43.2% 28.3% -2.5% 20.2% 12.3% 57.6%

$65 $51 $63 $68 $77 $120 $134 $155 $110 $102 $76 $11221.6% 16.0% -1.3% 6.1% -7.8% -2.2% 2.5% 13.8% 42.2% 36.1% 15.1% 22.5%

$81 $63 $85 $107 $116 $193 $179 $151 $121 $103 $103 $11724.7% 22.8% 34.5% 56.8% 49.6% 60.6% 33.5% -2.6% 10.1% 1.1% 35.1% 4.8%

$95 $77 $100 $112 $106 $222 $155 $233 $160 $113 $117 $10517.0% 21.8% 18.1% 4.9% -8.5% 14.8% -13.0% 54.5% 31.8% 9.8% 13.6% -10.2%

$74 $74 $89 $111 $131 $176 $129 $163 $106 $104 $81 $86-22.6% -3.4% -10.8% -0.9% 23.6% -20.5% -16.9% -30.1% -33.6% -7.6% -31.0% -18.1%

$64 $69 $107 $97 $111 $161 $150 $150 $84 $81 $78 $77-13.4% -7.0% 19.3% -13.0% -15.4% -8.7% 15.8% -7.7% -21.4% -22.3% -3.0% -10.1%

$67 $53 $61 $71 $98 $127 $129 $114 $87 $57 $39 $424.8% -23.9% -42.7% -27.1% -11.4% -21.4% -13.9% -24.0% 3.7% -29.4% -50.3% -46.0%

$34 $33 $49 $64 $54 $94 $111 $110 $85 $76 $63 $65-48.5% -37.9% -19.8% -9.1% -44.8% -25.9% -14.0% -3.8% -1.8% 32.3% 60.4% 56.5%

$43 $27 $59 $58 $65 $144 $85 $77 $64 $51 $63 $6924.3% -16.7% 19.5% -9.0% 19.3% 53.9% -23.3% -29.7% -24.5% -33.3% 0.9% 5.6%

$38-10.3%



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$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000


2002

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2011

Mercer County, NJ - Single-Family - Median Settled Price

$169,000 $160,000 $169,000 $168,000 $180,000 $221,000 $200,000 $214,000 $179,000 $187,000 $168,000 $198,00018.2% 7.4% 10.5% 10.5% 19.2% 32.3% 17.6% 9.7% -3.8% 12.7% 5.0% 26.9%

$205,000 $189,000 $185,000 $194,000 $200,000 $230,000 $235,000 $237,000 $224,000 $212,000 $215,000 $220,00021.3% 18.1% 9.5% 15.5% 11.1% 4.1% 17.5% 10.7% 25.1% 13.4% 28.0% 11.1%

$223,000 $210,000 $218,000 $235,000 $225,000 $265,000 $259,000 $254,000 $245,000 $237,000 $225,000 $249,0008.8% 11.1% 17.8% 21.1% 12.5% 15.2% 10.2% 7.2% 9.4% 11.8% 4.7% 13.2%

$228,000 $237,000 $240,000 $259,000 $237,000 $291,000 $295,000 $295,000 $285,000 $265,000 $260,000 $270,0002.2% 12.9% 10.1% 10.2% 5.3% 9.8% 13.9% 16.1% 16.3% 11.8% 15.6% 8.4%

$265,000 $260,000 $265,000 $265,000 $265,000 $299,000 $306,000 $320,000 $282,000 $272,000 $275,000 $285,00016.2% 9.7% 10.4% 2.3% 11.8% 2.7% 3.7% 8.5% -1.1% 2.6% 5.8% 5.6%

$265,000 $245,000 $270,000 $280,000 $280,000 $318,000 $317,000 $326,000 $280,000 $275,000 $280,000 $310,0000.0% -5.8% 1.9% 5.7% 5.7% 6.4% 3.6% 1.9% -0.7% 1.1% 1.8% 8.8%

$298,000 $268,000 $264,000 $269,000 $310,000 $315,000 $340,000 $325,000 $270,000 $265,000 $224,000 $230,00012.5% 9.4% -2.2% -3.9% 10.7% -0.9% 7.3% -0.3% -3.6% -3.6% -20.0% -25.8%

$245,000 $233,000 $221,000 $230,000 $246,000 $290,000 $310,000 $301,000 $255,000 $239,000 $225,000 $263,000-17.8% -13.1% -16.3% -14.5% -20.6% -7.9% -8.8% -7.4% -5.6% -9.8% 0.4% 14.3%

$222,000 $215,000 $228,000 $234,000 $240,000 $284,000 $292,000 $285,000 $270,000 $228,000 $255,000 $254,000-9.4% -7.7% 3.2% 1.7% -2.4% -2.1% -5.8% -5.3% 5.9% -4.6% 13.3% -3.4%

$230,0003.6%



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$0$50,000

$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000


2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Mercer County, NJ - Single-Family - Average Settled Price

$240,000 $211,000 $218,000 $216,000 $250,000 $312,000 $294,000 $308,000 $247,000 $244,000 $215,000 $281,0008.6% 12.8% -1.8% 0.5% 18.5% 35.7% 20.0% 11.6% -8.5% 17.3% -2.3% 22.2%

$251,000 $245,000 $233,000 $247,000 $254,000 $283,000 $320,000 $329,000 $283,000 $260,000 $256,000 $302,0004.6% 16.1% 6.9% 14.4% 1.6% -9.3% 8.8% 6.8% 14.6% 6.6% 19.1% 7.5%

$310,000 $290,000 $259,000 $287,000 $288,000 $359,000 $343,000 $313,000 $310,000 $276,000 $291,000 $320,00023.5% 18.4% 11.2% 16.2% 13.4% 26.9% 7.2% -4.9% 9.5% 6.2% 13.7% 6.0%

$322,000 $336,000 $301,000 $330,000 $305,000 $407,000 $369,000 $392,000 $385,000 $313,000 $319,000 $358,0003.9% 15.9% 16.2% 15.0% 5.9% 13.4% 7.6% 25.2% 24.2% 13.4% 9.6% 11.9%

$319,000 $346,000 $314,000 $347,000 $322,000 $396,000 $357,000 $399,000 $366,000 $358,000 $328,000 $338,000-0.9% 3.0% 4.3% 5.2% 5.6% -2.7% -3.3% 1.8% -4.9% 14.4% 2.8% -5.6%

$294,000 $318,000 $342,000 $366,000 $359,000 $416,000 $430,000 $435,000 $378,000 $340,000 $316,000 $367,000-7.8% -8.1% 8.9% 5.5% 11.5% 5.1% 20.4% 9.0% 3.3% -5.0% -3.7% 8.6%

$401,000 $363,000 $319,000 $345,000 $407,000 $430,000 $434,000 $429,000 $342,000 $343,000 $286,000 $282,00036.4% 14.2% -6.7% -5.7% 13.4% 3.4% 0.9% -1.4% -9.5% 0.9% -9.5% -23.2%

$318,000 $287,000 $306,000 $315,000 $304,000 $353,000 $389,000 $394,000 $333,000 $312,000 $269,000 $331,000-20.7% -20.9% -4.1% -8.7% -25.3% -17.9% -10.4% -8.2% -2.6% -9.0% -5.9% 17.4%

$292,000 $267,000 $281,000 $288,000 $289,000 $361,000 $406,000 $397,000 $384,000 $310,000 $356,000 $335,000-8.2% -7.0% -8.2% -8.6% -4.9% 2.3% 4.4% 0.8% 15.3% -0.6% 32.3% 1.2%

$290,000-0.7%



Page 9 of 10

78.00%80.00%82.00%84.00%86.00%88.00%90.00%92.00%94.00%96.00%98.00%

100.00%


2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Mercer County, NJ - Single-Family - Average Settled Price/Original Price

94.9% 94.1% 95.7% 95.0% 95.9% 96.8% 96.9% 95.9% 96.5% 96.0% 94.7% 95.2%-0.2% 1.3% 2.1% 0.7% 0.9% 0.8% 1.2% -0.7% -0.1% 0.3% -0.9% 0.8%

94.5% 94.5% 96.0% 95.8% 95.9% 97.0% 96.3% 96.6% 96.2% 95.8% 95.5% 94.4%-0.4% 0.4% 0.4% 0.9% -0.1% 0.2% -0.6% 0.7% -0.2% -0.2% 0.8% -0.8%

95.2% 94.3% 95.8% 96.9% 97.0% 97.2% 97.4% 97.0% 96.3% 95.5% 95.2% 95.2%0.8% -0.1% -0.2% 1.1% 1.2% 0.1% 1.2% 0.4% 0.1% -0.4% -0.3% 0.8%

95.5% 93.8% 95.9% 96.6% 96.5% 97.2% 96.5% 96.9% 95.9% 96.1% 95.5% 95.0%0.3% -0.6% 0.1% -0.3% -0.5% 0.0% -0.9% -0.1% -0.4% 0.7% 0.3% -0.3%

94.5% 94.8% 94.4% 94.7% 95.4% 94.7% 94.4% 94.0% 93.7% 92.8% 91.3% 91.7%-1.1% 1.1% -1.6% -1.9% -1.2% -2.5% -2.2% -3.0% -2.3% -3.5% -4.4% -3.5%

92.0% 91.9% 92.6% 94.3% 94.6% 94.0% 93.6% 94.2% 92.3% 91.8% 91.1% 90.7%-2.6% -3.1% -1.9% -0.5% -0.8% -0.8% -0.9% 0.2% -1.5% -1.1% -0.3% -1.1%

89.9% 89.6% 90.1% 91.6% 92.2% 92.7% 92.3% 92.8% 91.5% 89.7% 90.1% 88.0%-2.3% -2.5% -2.7% -2.8% -2.5% -1.4% -1.3% -1.4% -0.9% -2.3% -1.1% -2.9%

89.8% 85.3% 87.8% 87.7% 89.7% 90.9% 90.2% 90.8% 90.3% 90.5% 90.8% 90.0%-0.2% -4.8% -2.6% -4.3% -2.7% -1.9% -2.3% -2.2% -1.3% 0.9% 0.9% 2.3%

90.3% 88.8% 90.0% 89.6% 90.4% 92.1% 91.4% 90.1% 89.0% 87.3% 87.3% 88.4%0.6% 4.2% 2.5% 2.2% 0.8% 1.4% 1.3% -0.7% -1.4% -3.5% -3.9% -1.8%

86.8%-3.8%



Page 10 of 10

Doug Gibbons, Broker Associate (Lic in NJ and PA)RE/MAX OF PRINCETON

343 Nassau StPrinceton, NJ 08540

(609) 439-6571 Direct, Cellwww.DougGibbons.com

Need more info: Call Doug

Mercer County NJ, Real Estate Market History

Documents

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settled units

average settled price

median settled price

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settled dates

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