March 2007 Real Estate Market Update

While the numbers speak for themselves, it’s great to point out that the Hamilton and Washington (Mercer) markets are doing just fine. Days on market is certainly higher than years past, but properties are selling close to “peak” pace. Meanwhile, the Trenton and Northern Burlington markets are suffering a bit. Look for those towns to rebound somewhat as the weather warms.

The table below represents SETTLED properties for the month of March, with the year noted.  If you would like more detailed info or a market analysis of your home in particular, please email me.

Town 2005 Closings 2006 Closings 2007 Closings
Hamilton 94 86 89
Trenton 94 83 63
Washington 22 23 30
Ewing 40 29 30
Lawrence 30 38 36
Bordentown Township 19 24 13
Bordentown City 7 2 5
Burlington Township 37 26 16
Burlington City 24 11 9
Chesterfield 3 2 2
Florence 21 16 21
Mansfield 12 7 10
Springfield 2 0 1
Westampton 13 7 13
Total 418 354 338
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