Caldwell, NJ - market absorption analysis 01/25/2010
Here is how the market is doing in Caldwell. As you can see there is still an over supply of homes on the market. ABSORPTION ANALYSIS: Market analysis in the town of: Caldwell As of : 01/25/2010 Data includes only 3+ bedroom single family homes in the subjects same town/zip code. Condominium and multi family homes not included). Time Period:12 Months. # of Closed Sales: 25 Absorption Rate: sales/12 months (S/12= ) = 2.08 # of Listings: 18 # Months Inventory (L/AR= ) {# Listings/Supply (Absorption rate)} = 8.64 Months Based on the 12 month market analysis, supply and demand are considered to be: Over supply Data obtained from the Garden State MLS. Price range of closed sales: $235,000.00 to $785,000.00 Price range of active listings: $289,000.00 to $950,000.00 There is currently 3 homes with a pending under contract status. CommentsLeave a Reply | Kevin BurkhardtNJ, NY and PA State  Kevin Burkhardt Proprietor of Appraisal Authority LLC Contact
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