2. Town by Town Analysis 7/19/09 Towns Active Listings (inventory) Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Pton Twp: All Styles 146 17 9 26 7 32 22% 11 11 23 Pton Twp: Condo/ Thouses 22 3 7 4 1 2 9% 1 1 4 Pton Twp: Single Family 124 14 9 22 8 30 24% 10 10 19
6. Town by Town Analysis 7/19/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Pton Twp: All Styles 146 17 9 26 7 32 22% 11 11 23 Pton Twp: Condo/ Thouses 22 3 7 4 1 2 9% 1 1 4 Pton Twp: Single Family 124 14 9 22 8 30 24% 10 10 19
7. The Effect of ‘Absorption Rate’ on the Housing Market Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.
8. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.
11. Princeton Township Absorption Rate By Price Inventory Price Point Active Listings Pending in Last 30 Days Absorption Rate in Months 0-$500 12 1 12 $500-999k 54 4 13.5 $999-1.5 29 1 29 $1.5-2.5 34 1 34 $2.5 + 21 1 21
12. Town by Town Analysis 7/19/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Pton Twp: All Styles 146 17 9 26 7 32 22% 11 11 23 Pton Twp: Condo/ Thouses 22 3 7 4 1 2 9% 1 1 4 Pton Twp: Single Family 124 14 9 22 8 30 24% 10 10 19
14. Source: trend mls Relationship of Price Reductions to ‘Pending Sales’
15. Town by Town Analysis 7/19/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Pton Twp: All Styles 146 17 9 26 7 32 22% 11 11 23 Pton Twp: Condo/ Thouses 22 3 7 4 1 2 9% 1 1 4 Pton Twp: Single Family 124 14 9 22 8 30 24% 10 10 19