Real Estate Market Analysis by Town: Absorbtion Report January - December 2016

Residential Property Activity January-December 2016

County Town Actives Solds Average Sold/Month Month of Supply
Morris  Chester Boro  10  30  2.5 4.0
Morris  Chester Twp.  59  133  11.08 5.32
Morris  Harding Twp.  45  54  4.5 10.0
Morris  Mendham Boro  45  54  4.5 10.0
Morris  Mendham Twp.  62  78  6.5 9.54
Morris  Morris Twp.  64  361  30.08 2.13
Morris  Morristown Town  30  166  13.83 2.17
Morris  Randolph Twp.  96  357  29.75 3.23
Morris  Washington Twp.  106  236  19.67 5.39
Somerset  Bedminster Twp.  46  205  17.08 2.69
Somerset  Bernards Twp.  110  441  36.75 2.99
Somerset  Bernardsville Boro  92  116  9.67 9.51
Somerset  Far Hills Boro  13  1.08 4.63
Somerset  Peapack Gladstone Boro  16  29  2.42 6.61
Summary - 786 2273 189.42 4.15