December, 2020
Enhanced Market Reports

Select your county and choose your town.

Buyers Market or Sellers Market by County

Absorption Rates determine if your area is in a “Buyer’s Market” with downward pressure on the sales price or a “Seller’s Market” with upward pressure on the sales price. Absorption rates are determined by the number of months needed to sell off all the current inventory on the market based on the current rate in which homes are selling. History has proven that between 5 and 7 months supply the market is even. Above 7 months supply we are in a “Buyer’s Market” below 5 months supply we are in a “Seller’s Market”.

Hunterdon County

Hunterdon County Absorption Rates

SELLERSClinton Town1.4
SELLERSWest Amwell Twp.2.6
SELLERSClinton Twp.2.7
SELLERSRaritan Twp.3.1
SELLERSStockton Boro3.5
SELLERSBloomsbury Boro3.7
SELLERSLambertville City3.9
SELLERSGlen Gardner Boro4.0
SELLERSReadington Twp.4.1
SELLERSUnion Twp.4.3
SELLERSHolland Twp.4.3
SELLERSLebanon Boro4.4
SELLERSFlemington Boro4.9
EVENBethlehem Twp.5.0
EVENHigh Bridge Boro5.1
EVENEast Amwell Twp.5.3
EVENFranklin Twp.5.3
EVENKingwood Twp.5.3
EVENLebanon Twp.5.4
EVENCalifon Boro6.0
EVENHampton Boro6.3
BUYERSMilford Boro7.0
BUYERSAlexandria Twp.7.2
BUYERSDelaware Twp.8.3
BUYERSFrenchtown Boro9.3
BUYERSTewksbury Twp.12.0

Morris County

Morris County Absorption Rates

SELLERSRiverdale Boro1.5
SELLERSMorris Plains Boro1.5
SELLERSRockaway Boro1.7
SELLERSVictory Gardens Boro1.7
SELLERSEast Hanover Twp.1.9
SELLERSLincoln Park Boro1.9
SELLERSRoxbury Twp.2.2
SELLERSParsippany-Troy Hills Twp.2.3
SELLERSMorristown Town2.4
SELLERSMorris Twp.2.5
SELLERSMine Hill Twp.2.6
SELLERSDover Town2.7
SELLERSPequannock Twp.2.7
SELLERSChatham Boro2.8
SELLERSRandolph Twp.2.8
SELLERSRockaway Twp.2.9
SELLERSMadison Boro2.9
SELLERSHanover Twp.3.1
SELLERSDenville Twp.3.1
SELLERSWharton Boro3.5
SELLERSFlorham Park Boro3.5
SELLERSBoonton Town3.5
SELLERSChatham Twp.3.5
SELLERSMontville Twp.3.7
SELLERSLong Hill Twp.3.7
SELLERSNetcong Boro3.7
SELLERSButler Boro3.9
SELLERSMount Arlington Boro3.9
SELLERSMount Olive Twp.3.9
SELLERSJefferson Twp.4.1
SELLERSWashington Twp.4.1
SELLERSMendham Boro4.7
EVENChester Boro5.1
EVENChester Twp.5.4
EVENBoonton Twp.5.8
EVENMendham Twp.6.0
BUYERSKinnelon Boro7.6
BUYERSHarding Twp.8.3
BUYERSMountain Lakes Boro11.1

Somerset County

Somerset County Absorption Rates

SELLERSFranklin Twp.2.1
SELLERSHillsborough Twp.2.3
SELLERSBridgewater Twp.2.5
SELLERSSouth Bound Brook Boro2.6
SELLERSRocky Hill Boro2.7
SELLERSNorth Plainfield Boro2.7
SELLERSBound Brook Boro2.8
SELLERSManville Boro2.9
SELLERSBedminster Twp.3.1
SELLERSBernards Twp.3.2
SELLERSMontgomery Twp.3.2
SELLERSSomerville Boro3.4
SELLERSRaritan Boro3.4
SELLERSBranchburg Twp.3.6
SELLERSGreen Brook Twp.3.9
SELLERSMillstone Boro4.0
EVENWarren Twp.5.3
EVENPeapack Gladstone Boro6.0
BUYERSWatchung Boro7.7
BUYERSBernardsville Boro9.8
BUYERSFar Hills Boro15.0

Union County

Union County Absorption Rates

SELLERSRoselle Park Boro1.9
SELLERSGarwood Boro2.1
SELLERSFanwood Boro2.2
SELLERSScotch Plains Twp.2.3
SELLERSLinden City2.4
SELLERSCranford Twp.2.5
SELLERSUnion Twp.2.5
SELLERSRahway City2.6
SELLERSSummit City3.0
SELLERSKenilworth Boro3.0
SELLERSSpringfield Twp.3.2
SELLERSHillside Twp.3.2
SELLERSRoselle Boro3.2
SELLERSPlainfield City3.4
SELLERSClark Twp.3.5
SELLERSElizabeth City3.6
SELLERSNew Providence Boro3.9
SELLERSMountainside Boro4.2
SELLERSWestfield Town4.4
EVENBerkeley Heights Twp.5.1

Warren County

Warren County Absorption Rates

SELLERSAllamuchy Twp.2.2
SELLERSGreenwich Twp.2.9
SELLERSWashington Boro2.9
SELLERSIndependence Twp.3.4
SELLERSHackettstown Town3.5
SELLERSLiberty Twp.3.7
SELLERSPhillipsburg Town4.0
SELLERSLopatcong Twp.4.1
SELLERSAlpha Boro4.1
SELLERSWhite Twp.4.4
SELLERSWashington Twp.4.5
SELLERSBelvidere Twp.4.8
EVENMansfield Twp.5.3
EVENFranklin Twp.5.9
EVENOxford Twp.6.0
EVENPohatcong Twp.6.5
BUYERSBlairstown Twp.7.1
BUYERSFrelinghuysen Twp.7.1
BUYERSHope Twp.9.5
BUYERSKnowlton Twp.9.7
BUYERSHarmony Twp.10.9
BUYERSHardwick Twp.11.0

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