Real Estate Update Amid Coronavirus: Monday May 11 Through Sunday May 17

The new numbers are available from last week. I’m happy to report that with the exception of some minor variation, the numbers are still holding steady. Buyers are buying, and sellers are selling.

Here is a breakdown of the towns with the most sold:

Hunterdon County

• Raritan Township: 4
• Clinton Township: 3
• Franklin Township: 2

Somerset County

• Bridgewater Township: 10
• Bernards Township: 6
• Franklin Township: 4
• Montgomery Township: 4
• Bernardsville Boro: 3
• Hillsborough Township: 3

Hunterdon County

	New Listings	Pending	Closed	Total Active	Average DOM**	Median List Price**
03-23 to 03-29	24	21	24	659	103	$510,000
03-30 to 04-05	33	24	36	626	101.5	$519,000
04-06 to 04-12	27	24	18	617	104.5	$519,450
04-13 to 04-19	27	17	19	609	107	$519,950
04-20 to 04-26	29	19	22	603	109	$519,000
04-27 to 05-03	33	17	47	606	110	$510,000
05-04 to 05-10	41	22	19	609	111	$525,000
05-11 to 05-17	55	28	17	628	108	$529,250

Somerset County

	New Listings	Pending	Closed	Total Active	Average DOM**	Median List Price**
03-23 to 03-29	52	57	54	1055	80	$549,000
03-30 to 04-05	62	38	66	1027	81	$547,000
04-06 to 04-12	41	38	39	1000	86	$549,000
04-13 to 04-19	46	30	51	987	89	$549,325
04-20 to 04-26	50	36	37	985	92	$550,000
04-27 to 05-03	89	44	71	1006	90	$549,000
05-04 to 05-10	93	65	36	1012	89	$550,000
05-11 to 05-17	98	63	39	1024	89	$550,000

* Source: Garden State Multiple Listing Service (MLS)
** Average DOM and Average List Prices are for ALL active listings, not just the ones updated in the specified date ranges.
***Please keep in mind that these numbers are not audited. I am pulling them manually on a weekly basis. While they are not ‘official’ numbers, they can still be used in general to monitor the real estate activity as we move through the COVID-19 pandemic.