Sign In
Save and Track Your Favorite Properties
The Absorption Rate is an important concept, and it's used by many real estate related businesses to attempt to predict home prices and sales activity going forward.
The current absorption rate in your market. Here’s how you find that:
6 months of supply is considered a balanced market — when the number of listings roughly equals the number of buyers. Numbers over six represent a buyers’ market and those below a sellers’ market.
ABSORPTION REPORT for SOMERSET COUNTY source:GSMLS
August 2018 thru January 2019 data used for this chart or the last six months
ABSORPTION REPORT for SOMERSET COUNTY | |||
August 2018 thru January 2019 data used for this report | |||
Town | Solds | Average Sold/Month | Months of Supply |
Bedminster Twp. | 90 | 15 | 3.6 |
Bernards Twp. | 202 | 33.67 | 3.65 |
Bernardsville Boro | 44 | 7.33 | 10.78 |
Bound Brook Boro | 43 | 7.17 | 2.79 |
Branchburg Twp. | 99 | 16.5 | 3.27 |
Bridgewater Twp. | 249 | 41.5 | 2.99 |
Far Hills Boro | 10 | 1.67 | 8.98 |
Franklin Twp. | 386 | 64.33 | 2.19 |
Green Brook Twp. | 42 | 7 | 4 |
Hillsborough Twp. | 224 | 37.33 | 2.76 |
Manville Boro | 57 | 9.5 | 2.95 |
Millstone Boro | 4 | 0.67 | 2.99 |
Montgomery Twp. | 114 | 19 | 3.95 |
North Plainfield Boro | 119 | 19.83 | 2.92 |
Peapack Gladstone Boro | 13 | 2.17 | 7.37 |
Raritan Boro | 22 | 3.67 | 4.09 |
Rocky Hill Boro | 4 | 0.67 | 2.99 |
Somerville Boro | 51 | 8.5 | 3.53 |
South Bound Brook Boro | 32 | 5.33 | 2.63 |
Warren Twp. | 111 | 18.5 | 4.59 |
Watchung Boro | 30 | 5 | 7.8 |
$154,900
1 Beds / 1 Baths
$345,000
4 Beds / 3 Baths
$417,000
3 Beds / 3 Baths
$419,900
5 Beds / 4 Baths
$399,000
3 Beds / 3 Baths
$599,500
4 Beds / 3 Baths
$499,000
4 Beds / 3 Baths
$639,900
4 Beds / 4 Baths
$497,500
3 Beds / 4 Baths
$499,000
4 Beds / 3 Baths
$128,000
3 Beds / 1 Baths
$499,000
4 Beds / 3 Baths
$419,900
5 Beds / 4 Baths
$345,000
3 Beds / 2 Baths
$184,900
2 Beds / 2 Baths
$240,000
2 Beds / 2 Baths
$319,900
3 Beds / 2 Baths
$184,000
3 Beds / 1 Baths
$197,700
2 Beds / 2 Baths
$699,000
5 Beds / 5 Baths
$299,000
3 Beds / 2 Baths
$335,000
4 Beds / 3 Baths
$585,000
4 Beds / 4 Baths
$474,900
4 Beds / 3 Baths
$319,900
4 Beds / 3 Baths
$249,900
3 Beds / 2 Baths
$399,000
3 Beds / 2 Baths
$434,000
4 Beds / 3 Baths
$315,000
3 Beds / 3 Baths
$499,900
4 Beds / 3 Baths
$1,099,000
5 Beds / 5 Baths
$459,000
4 Beds / 3 Baths
$299,900
4 Beds / 3 Baths
$349,900
3 Beds / 3 Baths
$1,025,000
5 Beds / 6 Baths
$189,900
3 Beds / 2 Baths
$179,000
3 Beds / 1 Baths
$399,000
3 Beds / 2 Baths
$349,900
5 Beds / 4 Baths
$151,000
2 Beds / 2 Baths
$264,900
2 Beds / 1 Baths
$184,000
3 Beds / 1 Baths
$394,900
4 Beds / 3 Baths
$145,000
2 Beds / 2 Baths
$339,000
4 Beds / 3 Baths
$99,900
1 Beds / 1 Baths
$599,000
4 Beds / 4 Baths
$159,000
2 Beds / 2 Baths
$425,000
4 Beds / 3 Baths
$365,000
$565,000
$257,000
$434,900
$825,000
$1,599,900
$1,100,000
$1,160,000
$1,025,000
$949,900
$469,000
4 Beds / 3 Baths
$389,900
3 Beds / 3 Baths
$349,900
3 Beds / 4 Baths
$369,000
$374,900
4 Beds / 2 Baths
$279,900
$524,900
5 Beds / 3 Baths
$144,900
2 Beds / 2 Baths
$1,150,000
4 Beds / 4 Baths
$499,999
$699,900
$399,000
$525,000
4 Beds / 4 Baths
$399,000
4 Beds / 3 Baths
$699,000
4 Beds / 3 Baths
$479,900
6 Beds / 4 Baths
$449,900
4 Beds / 4 Baths
$859,000
5 Beds / 5 Baths
$390,000
3 Beds / 3 Baths
$319,000
4 Beds / 2 Baths
$549,900
4 Beds / 3 Baths
$200,000
4 Beds / 2 Baths
$354,900
3 Beds / 3 Baths
$365,000
4 Beds / 3 Baths
$419,900
3 Beds / 3 Baths
$419,900
3 Beds / 2 Baths
$580,000
4 Beds / 4 Baths
$545,000
4 Beds / 3 Baths
$585,000
$525,000
$849,000
$365,000
$524,900
$159,900
$269,000
$304,000
$279,900
$519,900
$209,900
$244,900
$319,000
$264,900
$575,000
$279,000
$534,900
$234,900
$374,900
$474,900
$549,000
$499,500
$489,000
$287,900
$589,900
$399,900
$399,900
$144,900
$312,750
$389,900
$585,000
$169,900
$344,900
$419,900
$245,000
$359,900
$379,900
$652,000
$409,900
$525,000
$499,900
$899,999
$209,900
$489,900
$410,000
$289,900
$312,880
$379,000
$350,900
$301,900
$303,280
$274,900
$311,900
$408,900
$294,900
$294,900
$211,900
$299,900
$324,300
$369,980
Here are some important credit related facts that everyone who would like a higher credit score should know!
1. Don't Apply For New Credit. Every time that you have your credit pulled by a potential creditor or lender, you can lose points from your credit score immediately. ** Exception to the Case- When pulled for mortgage purposes or car loans, multiple credit pulls will not have a negative impact on a score, if done within a certain time frame**
2. Don't Pay Off Collections or "Charge Offs". If you want to pay off old accounts, do it through escrow, making sure that the debt is yours. Request a "letter of deletion" from the creditor.
3. Don't Close Credit Card Accounts. If you close a credit card account, it may appear that your debt ratio has gone up. Closing a card will affect other factors in the score, including credit history.
4. Don't Max Out or Over Charge Credit Card Accounts. Try to keep your credit card balances below 40 percent of their limit during the process. Pay Down balances if possible
5. Don't Consolidate Your Debt. When you consolidate all of your debt onto one or two credit cards, it will appear that you are "maxed out" on that card and you will be penalized.
6. Do join a credit monitoring service like www.myfico.com or www.creditchecktotal.com. These inquires won’t affect your credit score and can alert you early to any potential inaccuracy or action needed to improve your credit score.
Call Claudia Marquardt