GREG'S MOMENTUM METER

April 2023 Market Update

A line graph showing the buyer's market and seller's market balance over the past 12 months.

Our Market Momentum Meter shows that we are currently in a balanced position. It’s great to see indications of a strong spring market for our clients.

After a tumultuous and speculative period in real estate we are now seeing an increase in sales with a moderate supply of inventory on the market, giving our clients more opportunity for buying and selling.

A photo of a table showing the number of active listings, new listings, and sold listings in the Princeton residential market for the past 12 months.

Seller’s market = four months of inventory or less

Balanced market = four to six months of inventory

Buyer’s market = six months or more of inventory

If 100 active listings are available in a month, and 20 homes sold in the that
same month, then there is approximately 5 months of inventory.

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