Listings from TREND MLS in Mercer CountyListings from TREND MLS in Mercer County

Sample Market Absorption RateSample Market Absorption Rate

Current active listings Reported sales in last 30 days

=

AbsorptionRate in months.Also known as months supply.

Anytown, NJ

5-6 Months Market Absorption Rate indicates a normal market.

Market Absorption Scale(Absorption Rate in Months)

5-6 months absorption rate indicates a normal market.

Market Scale for Supply & Market Scale for Supply & DemandDemand

High Supply/Low Demand Low Supply/High DemandNormal

Mar

ket A

bsor

ptio

n in

Mon

ths 1

23456789

101112

Nor

mal

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.

Town 07InvenCount

07 Pending

Sales(prev 30

days)

07 Absorb

Rate

08Inven.Count

08Pending

Sales(prev. 30

days)

08Absorp.

Rate

09Inven.Count

09Pending

Sales(prev. 30

days)

09Absorp.

Rate (months)

10Inven.Count

10 Pending

Sales(prev. 30

days)

10Absorp.

Rate(months)

Pton. Boro 38 4 9.5 50 2 25 43 2 21.5 27 2 13.5Pton. Twp. 102 4 25.5 112 11 10.1 104 4 26 89 9 9.9W.

Windsor 136 27 5.03 126 14 6 127 11 11.5 109 17 6.2Lawrence 180 15 12 189 19 9.7 155 13 10.3 197 30 6.5

East Windsor 172 25 6.8 186 22 8.45 174 12 14.5 168 15 11.2Ewing 206 8 25.7 231 18 12.8 189 12 15.8 223 24 9.2

Hopewell Twp. 165 7 23.7 132 10 13.2 121 10 12.1 143 12 12

Cranbury 18 2 9 34 0 99 27 0 99 23 2 11.5Plainsb. 123 6 20.5 96 14 6.85 73 8 9.12 60 11 5.4

S. Bruns. 202 22 9.16 192 22 8.75 207 13 16 148 15 10Montgom 137 18 7.6 117 12 9.75 112 8 14Hamilton 442 54 8.18 542 46 11.7 520 89 5.8 497 67 7Franklin 384 63 6.0 450 53 11 346 28 12.3

Cum.

3/5/10

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

Lawrence: All Styles 201 24 8.4 52 28 33 16.4 13 3 17Lawrence:Condo/THouses

66 8 8.3 20 12 15 23 13 2 8

Lawrence: 55+ 27 1 27 9 8 - - 0 2 1

Lawrence: Single Family

115 14 8.2 28 14 16 14 8 1 7