ABSORPTION REPORT for SOMERSET COUNTY

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:

First, determine the number of homes closed in your market over a specific period — say, 6 months.
Next, divide the number of homes by the number of months in the period — in this case, 6. This calculation gives a per month absorption rate.
Last, divide the rate into the number of current listings. This yields the months’ supply of homes.

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

Claudia Marquardt

Realtor®, Sales Associate

Phone Number 908-303-9697
E-mail claudia@bhhsnj.com
Send Text Message

Contact Me

Contact

The Tire Swing: Berkshire Hathaway HomeServices

My Sales History

606 Spruce Hills Dr
Glen Gardner Boro, NJ 08826

$154,900
1 Beds / 1 Baths

3 Windsor Ln
Lopatcong Twp., NJ 08865

$345,000
4 Beds / 3 Baths

199 W. Valley Brook Rd Fl
Washington Twp., NJ 07830-3530

$417,000
3 Beds / 3 Baths

11 Melanie Ln
Lopatcong Twp., NJ 08865

$419,900
5 Beds / 4 Baths

2605 Scarlett Dr
Washington Twp., NJ 07840

$399,000
3 Beds / 3 Baths

36 Beacon Hill Rd
Washington Twp., NJ 07830

$599,500
4 Beds / 3 Baths

40 Brookside Dr
Glen Gardner Boro, NJ 08826

$499,000
4 Beds / 3 Baths

1 Shannon Mtn Ln
Washington Twp., NJ 07865

$639,900
4 Beds / 4 Baths

49 Sliker Rd
Glen Gardner, NJ 08826-3112

$497,500
3 Beds / 4 Baths

6 Hill Hollow Ct
Clinton Twp., NJ 08809

$499,000
4 Beds / 3 Baths

376 Bates St
Phillipsburg Town, NJ 08865

$128,000
3 Beds / 1 Baths

109 Hockenbury Dr
Glen Gardner Boro, NJ 08826

$499,000
4 Beds / 3 Baths

11 Melanie Ln
Lopatcong Twp., NJ 08865

$419,900
5 Beds / 4 Baths

656 Winding Brook Ln
Lebanon Twp., NJ 07830

$345,000
3 Beds / 2 Baths

846 Honeybrook Cir
Lopatcong Twp., NJ 08886

$184,900
2 Beds / 2 Baths

161 Perryville Rd
Union Twp., NJ 08827

$240,000
2 Beds / 2 Baths

469 W Hill Rd
Lebanon Twp., NJ 08826

$319,900
3 Beds / 2 Baths

15 Center St
High Bridge Boro, NJ 08829-1918

$184,000
3 Beds / 1 Baths

143 Overlook Dr
Clinton, NJ 08809-1109

$197,700
2 Beds / 2 Baths

22 Stony Brook Rd
Washington Twp., NJ 07853

$699,000
5 Beds / 5 Baths

5 Pine Bluff Rd
Glen Gardner, NJ 08826-3112

$299,000
3 Beds / 2 Baths

5 Codington Ln
Glen Gardner Boro, NJ 08826-3508

$335,000
4 Beds / 3 Baths

15 Scarlet Oak Rd
Raritan Twp., NJ 08822-5598

$585,000
4 Beds / 4 Baths

15 Rolling Hills Way
Lebanon Twp., NJ 07865-3015

$474,900
4 Beds / 3 Baths

321 Hamilton Dr
Stewartsville, NJ 08886-2654

$319,900
4 Beds / 3 Baths

8 High View St
Lebanon Twp., NJ 07830-4123

$249,900
3 Beds / 2 Baths

201 Musconetcong River Rd
Lebanon Twp., NJ 07882-3018

$399,000
3 Beds / 2 Baths

55 Fairfield Dr
Glen Gardner Boro, NJ 08826-3526

$434,000
4 Beds / 3 Baths

103 Yvonne Way
Greenwich Twp., NJ 08886-3216

$315,000
3 Beds / 3 Baths

8 Sawmill Way
Raritan Twp., NJ 08822-4517

$499,900
4 Beds / 3 Baths

41 Bissell Rd
Tewksbury Twp., NJ 08833-4430

$1,099,000
5 Beds / 5 Baths

7 Northstar Dr
Clinton Twp., NJ 08801

$459,000
4 Beds / 3 Baths

22 Rolling Hills Way
Lebanon Twp., NJ 07865-3016

$299,900
4 Beds / 3 Baths

36 Baptist Church Rd
Union Twp., NJ 08827-4117

$349,900
3 Beds / 3 Baths

8 Barlow Dr
Tewksbury Twp., NJ 07830-3406

$1,025,000
5 Beds / 6 Baths

48 Mark Dr
High Bridge Boro, NJ 08829-1604

$189,900
3 Beds / 2 Baths

16 Bunn St
Lebanon Twp., NJ 07830-4121

$179,000
3 Beds / 1 Baths

426 Little Brook Rd
Lebanon Twp., NJ 08826-3317

$399,000
3 Beds / 2 Baths

168 Main St
Glen Gardner Boro, NJ 08826-3644

$349,900
5 Beds / 4 Baths

88 Nottingham Sq
.Hackettstown, NJ 07840

$151,000
2 Beds / 2 Baths

1 Myrtle Ave
Lebanon Boro, NJ 08833-2154

$264,900
2 Beds / 1 Baths

2506 Route 57
Franklin Twp., NJ 08886

$184,000
3 Beds / 1 Baths

104 Hockenbury Dr
Glen Gardner Boro, NJ 08826-3518

$394,900
4 Beds / 3 Baths

1102 Spruce Hills Dr
Glen Gardner Boro, NJ 08826-3710

$145,000
2 Beds / 2 Baths

9 Lauren Dr
Franklin Twp., NJ 08886-3129

$339,000
4 Beds / 3 Baths

79 Overlook Dr
Union Twp., NJ 08809-1133

$99,900
1 Beds / 1 Baths

30 Meadow Ln
Tewksbury Twp., NJ 08833-4421

$599,000
4 Beds / 4 Baths

2 N Slope
Union Twp., NJ 08809-1134

$159,000
2 Beds / 2 Baths

109 Cherryville Hollow Road
Flemington, NJ 08822

$425,000
4 Beds / 3 Baths

48 Whispering Hills Dr
Annandale, NJ 08801

$359,000

37 Deer Hill Rd
Lebanon, NJ 08833

$365,000

7 Packers Island Ln
Flemington, NJ 08822

$568,900

22 Ranney Rd
Long Valley, NJ 07853

$565,000

1 Windsor Ln
Phillipsburg, NJ 08865

$257,000

4 Gleneagles Dr
Lebanon, NJ 08833

$434,900

143 Buffalo Hollow Rd
Glen Gardner, NJ 08826

$389,000

7 Barlow Dr
Califon, NJ 07830

$825,000

16 Hollow Brook Rd
Port Murray, NJ 07865

$446,000

26 Laurel Mountain Way
Califon, NJ 07830

$1,599,900

8 Laurel Mountain Way
Califon, NJ 07830

$1,100,000

4 Hillview Drive
Califon, NJ 07830

$1,160,000

6 Pheasant Ct
Califon, NJ 07830

$1,025,000

5 Roundtop Rd
Oldwick, NJ 08858

$949,900

101 Parker Rd
Greenwich Twp., NJ 08804-4045

$469,000
4 Beds / 3 Baths

109 Timberwick Rd
Stewartsville, NJ 08886

$339,000

16 Westgate Dr
Clinton Twp., NJ 08801-1647

$389,900
3 Beds / 3 Baths

632 E Hill Rd
Lebanon Twp., NJ 08826-3314

$349,900
3 Beds / 4 Baths

2 Madison Ct
Flemington, NJ 08822

$369,000

11 Belvidere Ave
Clinton, NJ 08809

$374,900
4 Beds / 2 Baths

48 Brunswick Ave
Lebanon, NJ 08833

$279,900

5 Blackberry Ln
Readington Twp., NJ 08889-3119

$524,900
5 Beds / 3 Baths

1511 Spruce Hills Dr
Glen Gardner Boro, NJ 08826-3714

$144,900
2 Beds / 2 Baths

10 Obrien Ct
Bedminster Twp., NJ 07921-2686

$1,150,000
4 Beds / 4 Baths

2607 Route 57
Stewartsville, NJ 08886

$499,999

11 Northwood Dr
Pittstown, NJ 08867

$699,900

7 Currey Lane
Sussex, NJ 07461

$399,000

12 Dalley St
Whitehouse Station, NJ 08889-3545

$525,000
4 Beds / 4 Baths

203 Black Brook Rd
Bethlehem Twp., NJ 08827-2514

$399,000
4 Beds / 3 Baths

783 Backhus Estate Rd
Lebanon Twp., NJ 08826-2203

$699,000
4 Beds / 3 Baths

4 Saxton Ln
Readington Twp., NJ 08833-5004

$479,900
6 Beds / 4 Baths

8 Wyckoff Ct
Franklin Twp., NJ 08802-1091

$449,900
4 Beds / 4 Baths

13 Old Schoolhouse Rd
Asbury, NJ 08802

$525,000

5 Perry Rd
Clinton Twp., NJ 08801-2048

$859,000
5 Beds / 5 Baths

6 Dalley St
Readington Twp., NJ 08889-3545

$390,000
3 Beds / 3 Baths

25 Meadow Ln
Mansfield Twp., NJ 07840-4143

$319,000
4 Beds / 2 Baths

14 Nixon Farm Rd
Franklin Twp., NJ 08822-5658

$549,900
4 Beds / 3 Baths

13 1st St
Califon Boro, NJ 07830-4316

$200,000
4 Beds / 2 Baths

137 Hockenbury Dr
Glen Gardner Boro, NJ 08826-3520

$354,900
3 Beds / 3 Baths

38 Baptist Church Rd
Union Twp., NJ 08827-4117

$365,000
4 Beds / 3 Baths

111 S Branch Dr
Readington Twp., NJ 08889-3224

$419,900
3 Beds / 3 Baths

336 Turkey Top Rd
Lebanon Twp., NJ 07865

$419,900
3 Beds / 2 Baths

17 Waldon Rd, Fl
Washington Twp., NJ 07830-3506

$580,000
4 Beds / 4 Baths

7 Indian Run Rd
Long Valley, NJ 07853

$545,000
4 Beds / 3 Baths

8 Surrey Way
Pittstown, NJ 08867

$585,000

66 Rustic Trl
Flemington, NJ 08822

$525,000

5014 Brookfiled Glen Drive
Belvidere, NJ 07823

$139,900

571 Belvidere Rd
Phillipsburg, NJ 08865

$158,500

69 Cherryville Hollow Rd
Flemington, NJ 08822

$634,500

90 Liberty Rd
Bernardsville, NJ 07924

$849,000

18 Warne Way
Washington, NJ 07882

$365,000

534 Liberty Blvd
Phillipsburg, NJ 08865

$159,900

264 E Asbury-Anderson Rd
Washington, NJ 07882

$235,000

30 Cherryville Hollow Rd
Flemington, NJ 08822

$397,000

17 Chaucer Dr
Annandale, NJ 08801

$524,900

73 Charlestown Rd
Hampton, NJ 08827

$159,900

265 Laurel Ct
Whitehouse Station, NJ 08889

$339,000

8 Patton St
High Bridge, NJ 08829

$269,000

16 Barn Swallow Ct
Stewartsville, NJ 08886

$499,000

89 Shippen Rdg
Oxford, NJ 07863

$304,000

7 Montana Rd
Washington, NJ 07882

$279,900

26 Kalan Farm Rd
Hampton, NJ 08827

$519,900

22 N Ryland Rd
Whitehouse Station, NJ 08889

$499,000

22 Canterbury Ln
Hackettstown, NJ 07840

$400,000

4 Brainard St
Phillipsburg, NJ 08865

$69,000

10 Summit Dr
Annandale, NJ 08801

$209,900

303 Rockport Road
Port Murray, NJ 07865

$269,000

15 Pleasant View Way
Flemington, NJ 08822

$499,900

282 Bloomsbury Rd
Asbury, NJ 08802

$244,900

316 Pleasant Grove Road
Long Valley, NJ 07853

$535,000

28 Fairview Ave
Clinton, NJ 08809

$319,000

21 Dewey Ln
Glen Gardner, NJ 08826

$264,900

96 Lt York-Pattenburg Rd
Milford, NJ 08848

$429,950

17 Myrtle Ave
Lebanon, NJ 08833

$575,000

213 Knoll View Dr
Phillipsburg, NJ 08865

$355,000

325 Stamets Road
Milford, NJ 08848

$279,000

56 East Asbury-Anderson Rd
Washington, NJ 07882

$229,900

1002 Farley Rd
Whitehouse Station, NJ 08889

$699,000

57 Bouwrey Pl
Whitehouse Station, NJ 08889

$499,999

2 Budd Rd
Whitehouse Station, NJ 08889

$514,900

147 Mountain Top Rd
Washington, NJ 07882

$599,000

83 Grayrock Rd
Clinton, NJ 08809

$534,900

56 Church St
High Bridge, NJ 08829

$234,900

1038 Deerhaven Ter
Stewartsville, NJ 08886

$287,500

105 Hillside Ter
Califon, NJ 07830

$374,900

925 Tyler Cir
Stewartsville, NJ 08886

$474,900

438 Homestead Ct
Stewartsville, NJ 08886

$239,900

2002 Spruce Hills Dr
Glen Gardner, NJ 08826

$194,900

8 Hay Barrick Road
Whitehouse Station, NJ 08889

$520,000

36 Dutch Hill Rd
Hampton, NJ 08827

$549,000

5 Laurel Mountain Way
Califon, NJ 07830

$539,900

6 Wesley Way
Califon, NJ 07830

$499,500

139 Mt Grove Rd
Califon, NJ 07830

$489,000

2 Mayflower Dr
Stewartsville, NJ 08886

$509,900

1 Butlers Park Rd
Washington, NJ 07882

$369,900

127 Limerick Ln
Phillipsburg, NJ 08865

$195,990

47 Westchester Ter
Annandale, NJ 08801

$279,900

1233 King Court
Green Brook, NJ 08812

$287,900

67 Alvin Sloan Ave
Washington, NJ 07882

$379,000

1131 Monroe Drive
Stewartsville, NJ 08886

$532,900

23 Round Top Drive
Annandale, NJ 08801

$315,900

302 Stonehenge Dr
Phillipsburg, NJ 08865

$409,900

101 W Main St
High Bridge Boro, NJ 08829-1604

$292,500

268 Anderson Lane
Clinton, NJ 08809

$589,900

22 Sylvan Road
High Bridge Boro, NJ 08829

$349,900

312 Greenwich St
Stewartsville, NJ 08886

$254,900

52 Maple Ave
Asbury, NJ 08802

$399,900

709 Wadsworth Ave
South Plainfield, NJ 07080

$339,900

1914 Spruce Hills Dr
Glen Gardner Boro, NJ 08826

$198,900

761 Backhus Estate Rd
Glen Gardner, NJ 08826

$649,900

375 Martin Rd
Union, NJ 07083

$399,900

206 Lewis St
Phillipsburg, NJ 08865

$144,900

891 Green Pond Road
Rockaway, NJ 07866

$649,900

120 Chambers St
Phillipsburg, NJ 08865

$199,900

170 Hudson Street
Phillipsburg, NJ 08865

$134,900

211 Natalie Dr
Phillipsburg, NJ 08865

$312,750

22 Overlook Dr
Long Valley, NJ 07853

$389,900

14 Wyckoff
Pittstown, NJ 08867

$585,000

20 Hillside Ct
Clinton, NJ 08809

$169,900

36 Hollow Rd
Glen Gardner, NJ 08826

$344,900

7 Kellie Ct
Califon, NJ 07830

$419,900

523 4th St
Belvidere, NJ 07823

$245,000

748 Backhus Estate Rd
Glen Gardner, NJ 08826

$429,000

46 Kyle Dr
Phillipsburg, NJ 08865

$359,900

16 Chesler Square
Succasunna, NJ 07876

$339,000

25 Red Hawk Ln
Stewartsville, NJ 08886-2215

$455,000

17 Deerpath Rd
Califon, NJ 07830

$379,900

3 Alpaugh Dr
Asbury, NJ 08802

$652,000

37 Elizabeth Ave
Washington, NJ 07882

$409,900

19 Anthony Rd
Glen Gardner, NJ 08826

$525,000

2321 Coles Ave
Scotch Plains, NJ 07076

$399,900

29 N 8th St
Kenilworth, NJ 07033

$499,900

1 Minsi Road
Whitehouse Station, NJ 08889

$529,900

525 Brian Dean Dr
Glen Gardner, NJ 08826

$369,900

10 Yorkshire Dr
Mendham, NJ 07945

$899,999

318 4th St
Belvidere, NJ 07823

$209,900

12 Musconetcong River Rd
Hampton, NJ 08827

$199,000

74 Cooks Cross Rd
Pittstown, NJ 08867

$489,900

551 E Hill Rd
Glen Gardner, NJ 08826

$410,000

643 Woodglen Rd
Glen Gardner, NJ 08826

$534,000

5 Sky View Garden Road
Lebanon, NJ 08833

$467,300

403 Westminster Pl
Flemington, NJ 08822

$123,000

2 Stonewicke Drive
Pittstown, NJ 08867

$399,900

153 S 23rd St
Kenilworth, NJ 07033

$289,900

1003 Jefferson Dr
Stewartsville, NJ 08886

$279,900

14 Elizabeth Ave
Washington, NJ 07882

$312,880

45 Kyle Dr
Phillipsburg, NJ 08865

$379,000

6 Ridge Top Terr
Washington, NJ 07882

$350,900

41 Elizabeth Ave
Washington, NJ 07882

$301,900

4 Ridge Top Terrace
Washington, NJ 07882

$306,435

3 Village Gate Rd
Washington, NJ 07882

$314,900

15 Essex Rd
Washington, NJ 07882

$303,280

2 Village Gate Rd
Washington, NJ 07882

$308,900

121 3rd St
Dunellen, NJ 08812

$274,900

18 Sycamore Lane
Long Valley, NJ 07853

$388,000

61 Buckeley Hill Dr
Phillipsburg, NJ 08865

$289,900

27 Elizabeth Ave
Washington, NJ 07882

$311,900

1 Village Gate Road
Washington, NJ 07882

$296,900

30 Oak Ridge Rd
Washington, NJ 07882

$408,900

10 Ridge Top Terrace
Washington, NJ 07882

$315,900

8 Elizabeth Ave
Washington, NJ 07882

$294,900

11 Elizabeth Ave
Washington, NJ 07882

$294,900

59 Cherry St
Washington, NJ 07882

$211,900

6 Elizabeth Ave
Washington, NJ 07882

$299,900

14 Cameron Rd
New Providence, NJ 07974

$369,900

2 Elizabeth Ave
Washington, NJ 07882

$324,300

18 Essex Rd
Washington, NJ 07882

$369,980

11 Dreahook Road East
Whitehouse Station, NJ 08889

$485,000

114 Stephen Way
Hillsborough, NJ 08844

$385,000

Blog

Recent Morris County Residential Real Estate Sold Listings - December 2018

Recent Somerset County Residential Real Estate Sold Listings - December 2018

Recent Hunterdon County Residential Real Estate Sold Listings - December 2018

Recent Warren County Residential Real Estate Sold Listings - December 2018

Recent Morris County Residential Real Estate Sold Listings - November 2018

Recent Somerset County Residential Real Estate Sold Listings - November 2018

Recent Hunterdon County Residential Real Estate Sold Listings - November 2018

Recent Warren County Residential Real Estate Sold Listings - November 2018

Recent Morris County Residential Real Estate Sold Listings - October 2018

Recent Somerset County Residential Real Estate Sold Listings - October 2018

Contact Me

Contact

The Do's and Don'ts of Credit

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.

Claudia Marquardt