NORTH CENTRAL NEW JERSEY
MARKET REPORT 2022 SECOND QUARTER
SECOND QUARTER MARKET REPORT 2022
About the Data • • • • •
This study includes all residential home sales in the towns indicated as reported by Garden State Multiple Service LLC (GSMLS), including condominiums and townhomes. It does not include land sales, commercial sales or rentals. Year to Date “Overview” sales data is asreportedto GSMLS on 7/6/22. When considering Supply and Demand, it is generally accepted that a supply of six months represents a balanced market. Below six months tends to be a seller’s market, with prices rising, and above six months generally indicates a buyer’s market with downward pressure on pricing. Average Sales per month is calculated on the number of sales for the current year. The relatively tiny amount of transaction data in some categories can lead to wild swings that do not necessarily point to a trend in one direction or another.
REGIONAL RESULTS | JUNE 2022 SOMERSET, HUNTERDON & MORRIS COUNTIES Residential Properties - All Prices PENDING SALES - MONTH OF JUNE Last 5 Years 2022
1358 units
2021
1456 units
1683 units
2020
2019
1170 units
2018
1275 units
0
500
1000
1500
2000
MEDIAN LIST PRICE, HOMES PENDED - MONTH OF JUNE Last 5 Years 2022
$528,000
2021
$494,000
$457,000
2020
2019
$423,000
2018
$413,000
0
200000
400000
MONTHS SUPPLY, HOMES PENDED - MONTH OF JUNE Last 5 Years 2022
1.4 months
2021
1.5 months
2 months
2020
2019
4.5 months
2018
4 months
0
© 2022 Turpin Realtors
1
2
3
Subject to Errors and Omissions
4
5
Source: GSMLS 7/11/22 & Trendgraphix
REGIONAL RESULTS | JUNE 2022 SOMERSET, HUNTERDON & MORRIS COUNTIES Residential Properties - Activity by Price
ALL PRICES June 2022
June 2021
% Change
Homes For Sale
1897
2166
-12%
New Listing
1843
2004
-8%
Contracts Pended
1358
1456
-7%
Homes Sold
1308
1688
-23%
23
31
-26%
Days on Market
UNDER $1 MILLION
$1,000,000 - $1,999,999 MILLION
June 2022
June 2021
% Change
Homes For Sale
1526
1774
-14%
New Listing
1626
1827
-11%
Contracts Pended
1224
1339
-9%
Homes Sold
1142
1513
21
28
Days on Market
June 2022
June 2021
% Change
Homes For Sale
265
281
-6%
New Listing
182
145
26%
Contracts Pended
124
103
20%
-25%
Homes Sold
146
152
-4%
-25%
Days on Market
29
54
-46%
June 2022
June 2021
% Change
$2,000,000 - $2,999,999 MILLION
$3 MILLION+
June 2022
June 2021
% Change
Homes For Sale
59
65
-9%
Homes For Sale
47
46
2%
New Listing
24
25
-4%
New Listing
11
7
57%
9
12
-25%
Contracts Pended
1
2
-50%
Homes Sold
14
14
0%
Homes Sold
6
9
-33%
Days on Market
42
77
-45%
170
72
136%
Contracts Pended
© 2022 Turpin Realtors
Days on Market
Subject to Errors and Omissions
Source: GSMLS 7/11/22 & Trendgraphix
CONTENTS
SECOND QUARTER MARKET REPORT 2022
Bedminster Berkeley Heights Bernards Twp. Bernardsville Boonton Town Boonton Twp. Bridgewater Twp. Califon Chatham Boro Chatham Twp. Chester Boro Chester Twp. Clinton Town
Clinton Twp. Far Hills Florham Park Harding Twp. Lebanon Boro Lebanon Twp. Long Hill Twp. Madison Maplewood Mendham Boro Mendham Twp. Millburn Morris Plains
Cover image: 6 Charlotte Hill Dr, Bernardsville
Morris Twp. Morristown Mountain Lakes New Providence Peapack-Gladstone Randolph Twp. Readington Twp. Summit Tewksbury Twp. Warren Washington Twp. Watchung Westfield
COMMENTARY Chances are you have seen the dramatic real estate headlines lately: “Housing-affordability index drops to lowest level since 2006,” (Wall Street Journal); “World’s bubbliest housing markets are flashing warning signs,” (Bloomberg); “Rising rates raise prospect of property crash,” (Financial Times). While the north central New Jersey real estate market is indeed in transition—we have experienced significant price appreciation along with declines in sales volume on a year-over-year basis, plus a spike in mortgage rates—a holistic view points to market normalization, rather than something more dramatic. Maintaining perspective is key to a true and fair understanding of the current situation, which we endeavor to illustrate with this report. A broad, regional overview Pended contracts during the month of June (e.g., the number of accepted contracts) offer our most current and relevant market performance indicator. Whereas the regional result noted at the beginning of our report shows this measure to be lower in June than it had been during the feverish months of June 2021 and 2020, it compares very favorably against pre-pandemic performance. Furthermore, the year-over-year median price increase is impressive, and the Months Supply chart shows demand continuing to outpace supply, even with interest rates above 5% since April. Town-by-Town Our town-level results document the number of homes sold for the entire second quarter. Year-over-year home sales decreased during this timeframe in approximately three-quarters of the thirty-nine towns we study. About the same number of towns experienced an increase in their median sale price due to the ongoing inventory shortage. We observed this trend in the first quarter as well, although it has moderated slightly. In contrast, closed sales in the $1-2 million segment were somewhat stronger compared to the market at large, with quarter-over-quarter gains in 17 towns (44%); no change in 6 towns (15%); and declines in 16 towns (41%). Supply and Demand Keeping in mind that a balanced market has a four- to six-month supply of homes for sale,* our regional results show supply shortages that were more pronounced than in any of the past five years, at 1.4 months (for homes pended, all prices). Supply was similarly constrained for homes sold under $1 million in the vast majority of towns we surveyed: 24 towns (62%) had two or fewer Months Supply; 13 towns (33%) had between two- and four- Months Supply; and only two towns had supply greater than four months. As markets continue to normalize, supply will likely increase, which will be a welcome change of pace for buyers everywhere. As ever, the expertise of a qualified Realtor can provide guidance, reference, and assurance during times of change. I invite you to contact one of the fine associates at Turpin Realtors to assist you in understanding the particulars of your situation or to provide personalized updates about activity in your neighborhood. *Months Supply refers to the amount of time it would take for the current inventory of homes on the market to sell at the current rate of sale, assuming no additional homes are added to the supply.
John Turpin, President www.TurpinRealtors.com/Reports © 2022 Turpin Realtors
Source: GSMLS and TrendGraphix
BEDMINSTER SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
40
66
-39.4%
77
127
-39.4%
$49,856,472
$35,463,100
40.6%
$76,597,768
$63,720,132
20.2%
$423,000
$396,250
6.8%
$421,000
$362,500
16.1%
$1,246,411
$537,319
132%
$994,776
$501,733
98.3%
54
28
92.9%
51
43
18.6%
99.7%
99.3%
0.4%
98.3%
98%
0.3%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
62
123
ç
2022
2021
YTD
% CHANGE
8
1
YTD
49.6%
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
3
3
NC
4
0
YTD
YTD
YTD
% CHANGE
ç
2021
YTD
ç
2022
$2,000,000-$2,999,999
700%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
26
AVG SALES PER MONTH
MONTH’S SUPPLY
10.33
2.52
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
1.33
1.50
$2,000,000-$2,999,999 INVENTORY
4
AVG SALES PER MONTH
0.50
$3,000,000 AND UP
MONTH’S SUPPLY
8.00
INVENTORY
4
AVG SALES PER MONTH
0.67
MONTH’S SUPPLY
6.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
BERKELEY HEIGHTS SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
44
82
-46.3%
71
122
-41.8%
$34,608,000
$57,084,320
-39.4%
$53,123,900
$81,883,816
-35.1%
MEDIAN SALE PRICE
$682,500
$677,500
0.7%
$685,000
$651,000
5.2%
AVERAGE SALE PRICE
$786,545
$696,150
13%
$748,223
$671,178
11.5%
22
31
-29%
27
35
-22.9%
105.4%
102.2%
3.1%
104.7%
101.4%
3.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2021
YTD
% CHANGE
58
117
ç
YTD
2022
2021
YTD
% CHANGE
13
5
ç
2022
YTD
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
160%
50.4%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
23
AVG SALES PER MONTH
MONTH’S SUPPLY
9.67
2.38
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
2.17
1.38
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
BERNARDS TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
122
157
-22.3%
198
247
-19.8%
$103,844,352
$120,340,456
-13.7%
$157,761,776
$178,082,544
-11.4%
MEDIAN SALE PRICE
$788,143
$695,000
13.4%
$737,694
$635,000
16.2%
AVERAGE SALE PRICE
$851,183
$766,499
11%
$796,776
$720,981
10.5%
22
28
-21.4%
26
36
-27.8%
104.5%
100.5%
4%
103.9%
100%
3.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 % CHANGE
145
194
ç
2022
2021
YTD
% CHANGE
50
51
YTD
25.3%
2022
2021
YTD
% CHANGE
3
2
ç
YTD
ç
2021
YTD
ç
2022
$2,000,000-$2,999,999 YTD
2%
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
50%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
32
AVG SALES PER MONTH
MONTH’S SUPPLY
24.17
1.32
INVENTORY
18
AVG SALES PER MONTH
MONTH’S SUPPLY
8.33
2.16
$2,000,000-$2,999,999 INVENTORY
4
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.50
8.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
BERNARDSVILLE SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
44
72
-38.9%
64
113
-43.4%
$42,511,896
$67,820,472
-37.3%
$64,755,644
$104,995,424
-38.3%
MEDIAN SALE PRICE
$820,000
$785,100
4.4%
$797,500
$775,000
2.9%
AVERAGE SALE PRICE
$966,179
$941,951
2.6%
$1,011,806
$929,163
8.9%
48
64
-25%
50
81
-38.3%
101.3%
99%
2.4%
100.5%
98.1%
2.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
2021
YTD
% CHANGE
16
26
48.1%
2022
2021
YTD
% CHANGE
5
4
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
1
2
% CHANGE
25%
38.5%
ç
81
2022
YTD
ç
42
% CHANGE
$2,000,000-$2,999,999
ç
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
50%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
18
AVG SALES PER MONTH
MONTH’S SUPPLY
7.00
2.57
INVENTORY
14
AVG SALES PER MONTH
MONTH’S SUPPLY
2.67
5.25
$2,000,000-$2,999,999 INVENTORY
4
AVG SALES PER MONTH
0.83
$3,000,000 AND UP
MONTH’S SUPPLY
4.80
INVENTORY
8
AVG SALES PER MONTH
0.17
MONTH’S SUPPLY
48.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
BOONTON TOWN SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
24
34
-29.4%
36
47
-23.4%
$12,920,500
$17,158,900
-24.7%
$18,900,910
$22,986,900
-17.8%
MEDIAN SALE PRICE
$515,500
$500,000
3.1%
$492,500
$485,000
1.5%
AVERAGE SALE PRICE
$538,354
$504,673
6.7%
$525,025
$489,082
7.3%
22
29
-24.1%
23
30
-23.3%
105.9%
102.6%
3.2%
106.3%
102.1%
4.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
YTD
2021
36
47
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
23.4%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
6.00
1.50
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
BOONTON TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
18
11
63.6%
29
29
0%
$12,018,100
$8,979,150
33.8%
$19,516,876
$21,080,050
-7.4%
MEDIAN SALE PRICE
$636,500
$750,000
-15.1%
$568,000
$721,500
-21.3%
AVERAGE SALE PRICE
$667,672
$816,286
-18.2%
$672,995
$726,898
-7.4%
20
24
-16.7%
29
59
-50.8%
102.4%
99.6%
2.8%
101.8%
98.4%
3.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
25
27
% CHANGE
2022
2021
YTD
% CHANGE
4
2
YTD
ç
2021
ç
YTD
2022
$1,000,000-$1,999,999
7.4%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
4.17
1.92
INVENTORY
8
AVG SALES PER MONTH
0.67
MONTH’S SUPPLY
12.00
$2,000,000-$2,999,999 INVENTORY
AVG SALES PER MONTH
1
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
∞
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
BRIDGEWATER TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
135
174
-22.4%
236
291
-18.9%
$84,873,832
$97,586,576
-13%
$139,547,584
$159,908,368
-12.7%
MEDIAN SALE PRICE
$570,000
$538,500
5.8%
$550,000
$527,000
4.4%
AVERAGE SALE PRICE
$628,695
$560,842
12.1%
$591,303
$549,513
7.6%
26
21
23.8%
28
34
-17.6%
105%
102.4%
2.5%
104.1%
101.5%
2.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2021
YTD
% CHANGE
224
282
ç
YTD
2022
2021
YTD
% CHANGE
12
9
ç
2022
YTD
20.6%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
33.3%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
59
AVG SALES PER MONTH
MONTH’S SUPPLY
37.33
1.58
INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
2.00
3.50
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CALIFON SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
4
13
-69.2%
5
20
-75%
$2,230,900
$5,374,650
-58.5%
$2,515,900
$7,748,270
-67.5%
MEDIAN SALE PRICE
$552,450
$440,000
25.6%
$475,000
$399,500
18.9%
AVERAGE SALE PRICE
$557,725
$413,434
34.9%
$503,180
$387,413
29.9%
68
20
240%
81
25
224%
104.8%
101%
3.7%
103.6%
100.8%
2.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 YTD
2022
% CHANGE
20
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
5
YTD
2021
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
75%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
0.83
8.40
INVENTORY
1
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CHATHAM BORO SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
37
62
-40.3%
56
105
-46.7%
$42,052,248
$67,026,508
-37.3%
$57,478,024
$112,653,104
-49%
$918,000
$992,500
-7.5%
$885,000
$1,100,000
-19.5%
$1,136,547
$1,081,072
5.1%
$1,026,393
$1,072,886
-4.3%
26
30
-13.3%
39
39
0%
108.6%
100.1%
8.4%
107.7%
100%
7.8%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
57
2022
2021
YTD
% CHANGE
17
43
YTD
ç
37
% CHANGE
2022
2021
YTD
% CHANGE
2
5
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
2022
2021
% CHANGE
0
0
NC
YTD
YTD
60%
60.5%
35.1%
$3,000,000 AND UP
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
6.17
1.46
INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
2.83
2.82
$2,000,000-$2,999,999 INVENTORY
1
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.33
3.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CHATHAM TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
44
58
-24.1%
88
103
-14.6%
$62,059,400
$66,894,820
-7.2%
$115,615,064
$118,926,568
-2.8%
MEDIAN SALE PRICE
$1,450,000
$1,154,000
25.6%
$1,275,034
$1,200,000
6.3%
AVERAGE SALE PRICE
$1,410,440
$1,153,359
22.3%
$1,313,807
$1,154,626
13.8%
21
29
-27.6%
37
33
12.1%
104.4%
100.3%
4.1%
103%
99.8%
3.2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
34
43
22.9%
2022
2021
YTD
% CHANGE
16
10
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
1
2
% CHANGE
ç
48
2022
YTD
ç
37
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
60%
50%
$2,000,000-$2,999,999
$3,000,000 AND UP
20.9%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
8
AVG SALES PER MONTH
MONTH’S SUPPLY
6.17
1.30
INVENTORY
22
AVG SALES PER MONTH
MONTH’S SUPPLY
5.67
3.88
INVENTORY
4
AVG SALES PER MONTH
2.67
MONTH’S SUPPLY
1.50
INVENTORY
3
AVG SALES PER MONTH
0.17
MONTH’S SUPPLY
18.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CHESTER BORO SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
10
5
100%
12
9
33.3%
$7,147,500
$3,109,900
129.8%
$8,327,500
$5,256,900
58.4%
MEDIAN SALE PRICE
$689,000
$621,000
11%
$654,750
$587,000
11.5%
AVERAGE SALE PRICE
$714,750
$621,980
14.9%
$693,958
$584,100
18.8%
9
30
-70%
11
40
-72.5%
104.2%
83.9%
24.2%
103.7%
80.9%
28.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999 % CHANGE
9
2022
2021
YTD
% CHANGE
1
0
YTD
ç
11
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
22.2%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
1.83
1.64
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CHESTER TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
31
49
-36.7%
49
83
-41%
$27,946,300
$43,549,304
-35.8%
$44,375,800
$67,512,608
-34.3%
MEDIAN SALE PRICE
$865,000
$858,000
0.8%
$855,000
$725,000
17.9%
AVERAGE SALE PRICE
$901,493
$888,761
1.4%
$905,628
$813,404
11.3%
19
59
-67.8%
25
71
-64.8%
105%
99.7%
5.4%
103.2%
99.3%
3.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
62
2022
2021
YTD
% CHANGE
19
20
YTD
ç
30
% CHANGE
2022
2021
YTD
% CHANGE
0
1
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
5%
51.6%
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
15
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
3.00
INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
3.17
1.89
$2,000,000-$2,999,999 INVENTORY
0
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CLINTON TOWN SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
10
8
25%
19
23
-17.4%
$4,158,000
$3,489,000
19.2%
$8,436,000
$9,393,500
-10.2%
MEDIAN SALE PRICE
$430,000
$393,500
9.3%
$430,000
$365,000
17.8%
AVERAGE SALE PRICE
$415,800
$436,125
-4.7%
$444,000
$408,413
8.7%
25
24
4.2%
27
29
-6.9%
104.1%
103.4%
0.7%
103.5%
100.1%
3.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
19
23
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
17.4%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
3.17
1.89
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
CLINTON TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
47
68
-30.9%
81
121
-33.1%
$25,808,728
$35,587,216
-27.5%
$43,928,160
$61,608,460
-28.7%
MEDIAN SALE PRICE
$588,000
$502,500
17%
$570,000
$490,000
16.3%
AVERAGE SALE PRICE
$549,121
$523,341
4.9%
$542,323
$509,160
6.5%
17
22
-22.7%
25
34
-26.5%
105.8%
101.7%
4%
104.3%
100.7%
3.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2021
YTD
% CHANGE
81
119
ç
YTD
2022
2021
YTD
% CHANGE
0
2
ç
2022
YTD
-31.9%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
24
AVG SALES PER MONTH
MONTH’S SUPPLY
13.50
1.78
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
FAR HILLS SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
3
8
-62.5%
9
13
-30.8%
$4,705,000
$9,767,000
-51.8%
$18,490,000
$14,870,497
24.3%
$620,000
$688,500
-9.9%
$875,000
$737,000
18.7%
$1,568,333
$1,220,875
28.5%
$2,054,444
$1,143,884
79.6%
55
97
-43.3%
84
95
-11.6%
97.4%
95.1%
2.4%
93.2%
92.9%
0.3%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
2021
YTD
% CHANGE
1
2
YTD
44.4%
2022
2021
YTD
% CHANGE
0
1
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
3
1
100%
50%
% CHANGE
ç
9
2022
$2,000,000-$2,999,999
ç
% CHANGE
ç
5
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
200%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.83
N/A
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
N/A
$2,000,000-$2,999,999 INVENTORY
0
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
INVENTORY
5
AVG SALES PER MONTH
0.50
MONTH’S SUPPLY
10.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
FLORHAM PARK SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
38
41
-7.3%
62
70
-11.4%
$34,557,992
$31,685,400
9.1%
$59,473,380
$53,790,300
10.6%
MEDIAN SALE PRICE
$732,000
$680,000
7.6%
$823,189
$677,500
21.5%
AVERAGE SALE PRICE
$909,420
$772,814
17.7%
$959,248
$768,432
24.8%
24
40
-40%
31
52
-40.4%
104.7%
100.1%
4.6%
102.6%
99.4%
3.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
58
2022
2021
YTD
% CHANGE
17
12
YTD
ç
43
% CHANGE
2022
2021
YTD
% CHANGE
2
0
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
$1,000,000-$1,999,999
YTD
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
41.7%
25.9%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
10
AVG SALES PER MONTH
MONTH’S SUPPLY
7.17
1.40
INVENTORY
9
AVG SALES PER MONTH
MONTH’S SUPPLY
2.83
3.18
$2,000,000-$2,999,999 INVENTORY
2
AVG SALES PER MONTH
0.33
$3,000,000 AND UP
MONTH’S SUPPLY
6.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
HARDING TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
19
25
-24%
35
35
0%
$33,523,750
$47,728,152
-29.8%
$57,406,252
$61,641,400
-6.9%
MEDIAN SALE PRICE
$1,415,000
$1,800,000
-21.4%
$1,415,000
$1,500,000
-5.7%
AVERAGE SALE PRICE
$1,764,407
$1,909,126
-7.6%
$1,640,178
$1,761,182
-6.9%
85
90
-5.6%
81
87
-6.9%
98.1%
94.1%
4.2%
97.3%
95.3%
2.1%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
18
12
YTD
2022
2021
YTD
% CHANGE
4
5
YTD
50%
25%
YTD
YTD
2022
2021
4
6
% CHANGE
ç
12
2022
ç
% CHANGE
ç
9
YTD
2021
ç
YTD
2022
$3,000,000 AND UP
$2,000,000-$2,999,999
33.3%
20%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
1.50
1.33
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
3.00
1.00
$2,000,000-$2,999,999 INVENTORY
3
AVG SALES PER MONTH
0.67
$3,000,000 AND UP
MONTH’S SUPPLY
4.50
INVENTORY
6
AVG SALES PER MONTH
0.67
MONTH’S SUPPLY
9.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
LEBANON BORO SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
18
8
125%
30
17
76.5%
$5,157,516
$3,029,000
70.3%
$9,358,516
$6,143,027
52.3%
MEDIAN SALE PRICE
$257,500
$356,500
-27.8%
$277,500
$311,000
-10.8%
AVERAGE SALE PRICE
$286,528
$378,625
-24.3%
$311,950
$361,354
-13.7%
12
47
-74.5%
19
41
-53.7%
104.2%
101.6%
2.6%
103.1%
100.5%
2.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
30
17
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
76.5%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
5.00
1.00
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
LEBANON TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
22
21
4.8%
39
41
-4.9%
$10,872,900
$10,440,600
4.1%
$18,274,950
$19,035,400
-4%
MEDIAN SALE PRICE
$450,000
$480,000
-6.3%
$450,000
$412,000
9.2%
AVERAGE SALE PRICE
$494,222
$497,171
-0.6%
$468,588
$464,278
0.9%
31
60
-48.3%
37
53
-30.2%
103%
101%
2%
101.2%
100.3%
0.9%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
39
41
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
4.9%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
21
AVG SALES PER MONTH
MONTH’S SUPPLY
6.50
3.23
INVENTORY
2
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
∞
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
LONG HILL TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
26
47
-44.7%
48
68
-29.4%
$18,032,900
$30,860,048
-41.6%
$31,995,400
$44,225,552
-27.7%
MEDIAN SALE PRICE
$665,000
$620,000
7.3%
$642,500
$615,000
4.5%
AVERAGE SALE PRICE
$693,573
$656,596
5.6%
$666,570
$650,375
2.5%
30
30
0%
29
32
-9.4%
104.7%
101.6%
3.1%
104.1%
101.1%
3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
45
63
% CHANGE
2022
2021
YTD
% CHANGE
3
5
YTD
ç
2021
ç
YTD
2022
28.6%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
40%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
18
AVG SALES PER MONTH
MONTH’S SUPPLY
7.50
2.40
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.50
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MADISON SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
51
64
-20.3%
86
98
-12.2%
$59,621,412
$67,600,232
-11.8%
$97,829,312
$101,786,152
-3.9%
$900,000
$936,750
-3.9%
$895,000
$942,500
-5%
$1,169,047
$1,056,253
10.7%
$1,137,550
$1,038,634
9.5%
19
29
-34.5%
21
33
-36.4%
107.5%
100%
7.5%
104.2%
99.4%
4.8%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
28
40
2022
2021
YTD
% CHANGE
8
4
YTD
30%
9.3%
$3,000,000 AND UP YTD
YTD
2022
2021
1
0
% CHANGE
ç
54
2022
YTD
ç
49
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
19
AVG SALES PER MONTH
MONTH’S SUPPLY
8.17
2.33
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
4.67
0.64
$2,000,000-$2,999,999 INVENTORY
2
AVG SALES PER MONTH
2.67
$3,000,000 AND UP
MONTH’S SUPPLY
0.75
INVENTORY
0
AVG SALES PER MONTH
0.17
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MAPLEWOOD SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
100
110
-9.1%
145
184
-21.2%
$88,968,200
$87,343,616
1.9%
$125,207,296
$139,827,968
-10.5%
MEDIAN SALE PRICE
$900,000
$784,913
14.7%
$867,000
$750,000
15.6%
AVERAGE SALE PRICE
$889,682
$794,032
12%
$863,498
$759,934
13.6%
14
15
-6.7%
19
23
-17.4%
117.8%
111.6%
5.6%
116.5%
109.9%
6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
95
150
ç
2022
2021
YTD
% CHANGE
50
33
YTD
2022
2021
YTD
% CHANGE
0
1
ç
2021
YTD
ç
2022
$2,000,000-$2,999,999 YTD
51.5%
36.7%
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
30
AVG SALES PER MONTH
MONTH’S SUPPLY
15.83
1.89
INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
8.33
0.72
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MENDHAM BORO SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
23
28
-17.9%
35
53
-34%
$20,035,500
$23,333,812
-14.1%
$28,371,500
$38,692,700
-26.7%
MEDIAN SALE PRICE
$775,000
$661,300
17.2%
$730,000
$592,000
23.3%
AVERAGE SALE PRICE
$871,108
$833,350
4.5%
$810,614
$730,050
11%
34
48
-29.2%
31
51
-39.2%
99.3%
99.4%
-0.1%
99.5%
99.1%
0.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
46
2022
2021
YTD
% CHANGE
9
6
YTD
43.5%
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
0
0
NC
0
1
YTD
YTD
YTD
50%
% CHANGE
ç
26
% CHANGE
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
4.33
1.62
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
1.50
2.00
$2,000,000-$2,999,999 INVENTORY
1
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
INVENTORY
6
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MENDHAM TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
24
55
-56.4%
48
82
-41.5%
$27,303,000
$66,668,176
-59%
$60,375,400
$94,434,376
-36.1%
MEDIAN SALE PRICE
$1,102,000
$1,164,000
-5.3%
$1,117,500
$1,050,000
6.4%
AVERAGE SALE PRICE
$1,137,625
$1,212,148
-6.1%
$1,257,820
$1,151,638
9.2%
23
79
-70.9%
37
71
-47.9%
100.1%
98.3%
1.7%
100.2%
98.1%
2%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
24
37
2022
2021
YTD
% CHANGE
2
1
YTD
35.1%
51.2%
$3,000,000 AND UP YTD
YTD
2022
2021
2
3
100%
% CHANGE
ç
41
2022
YTD
ç
20
% CHANGE
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999
33.3%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
7
AVG SALES PER MONTH
MONTH’S SUPPLY
3.33
2.10
INVENTORY
12
AVG SALES PER MONTH
MONTH’S SUPPLY
4.00
3.00
$2,000,000-$2,999,999 INVENTORY
4
AVG SALES PER MONTH
0.33
$3,000,000 AND UP
MONTH’S SUPPLY
12.00
INVENTORY
3
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
9.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MILLBURN SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
102
124
-17.7%
160
197
-18.8%
$179,563,808
$198,012,288
-9.3%
$261,918,320
$298,781,184
-12.3%
MEDIAN SALE PRICE
$1,580,000
$1,417,500
11.5%
$1,489,000
$1,310,000
13.7%
AVERAGE SALE PRICE
$1,760,429
$1,596,873
10.2%
$1,636,989
$1,516,655
7.9%
15
31
-51.6%
22
37
-40.5%
106.4%
101.1%
5.3%
105%
100.3%
4.7%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
59
2022
2021
YTD
% CHANGE
78
95
YTD
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
36
36
NC
10
7
YTD
YTD
YTD
17.9%
39%
% CHANGE
ç
36
% CHANGE
ç
2021
ç
YTD
2022
$2,000,000-$2,999,999
42.9%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
26
AVG SALES PER MONTH
6.00
MONTH’S SUPPLY
4.33
INVENTORY
10
AVG SALES PER MONTH
MONTH’S SUPPLY
13.00
0.77
$2,000,000-$2,999,999 INVENTORY
7
AVG SALES PER MONTH
6.00
$3,000,000 AND UP
MONTH’S SUPPLY
1.17
INVENTORY
AVG SALES PER MONTH
13
1.67
MONTH’S SUPPLY
7.80
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MORRIS PLAINS SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
30
26
15.4%
47
49
-4.1%
$18,759,720
$14,550,170
28.9%
$28,712,774
$26,197,568
9.6%
MEDIAN SALE PRICE
$616,045
$566,250
8.8%
$611,090
$540,000
13.2%
AVERAGE SALE PRICE
$625,324
$559,621
11.7%
$610,910
$534,644
14.3%
15
17
-11.8%
19
28
-32.1%
106%
102.7%
3.2%
104.5%
102.2%
2.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
YTD
2021
47
49
% CHANGE
2022
2021
YTD
% CHANGE
0
0
NC
YTD
ç
2022
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
0
0
NC
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
0
0
% CHANGE NC
4.1%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
22
AVG SALES PER MONTH
MONTH’S SUPPLY
7.83
2.81
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MORRIS TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
91
110
-17.3%
175
195
-10.3%
$76,995,272
$78,401,224
-1.8%
$137,174,944
$137,110,544
0%
MEDIAN SALE PRICE
$780,000
$672,500
16%
$725,000
$650,000
11.5%
AVERAGE SALE PRICE
$846,101
$712,738
18.7%
$783,856
$703,131
11.5%
19
25
-24%
26
34
-23.5%
107.8%
102.1%
5.6%
105.3%
100.9%
4.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
151
176
ç
2022
2021
YTD
% CHANGE
22
19
YTD
14.2%
2022
2021
YTD
% CHANGE
0
0
NC
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
2
0
% CHANGE
ç
2021
YTD
ç
2022
$2,000,000-$2,999,999
15.8%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
28
AVG SALES PER MONTH
MONTH’S SUPPLY
25.17
1.11
INVENTORY
2
AVG SALES PER MONTH
MONTH’S SUPPLY
3.67
0.55
$2,000,000-$2,999,999 INVENTORY
1
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
INVENTORY
0
AVG SALES PER MONTH
0.33
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
MORRISTOWN SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
43
53
-18.9%
85
101
-15.8%
$26,979,324
$31,953,000
-15.6%
$53,111,264
$57,889,400
-8.3%
MEDIAN SALE PRICE
$530,000
$515,000
2.9%
$540,000
$539,000
0.2%
AVERAGE SALE PRICE
$627,426
$602,886
4.1%
$624,838
$573,162
9%
27
32
-15.6%
33
42
-20.9%
102.3%
100.3%
2%
101.4%
99.8%
1.5%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
76
93
% CHANGE
2022
2021
YTD
% CHANGE
9
8
YTD
ç
2021
ç
YTD
2022
$3,000,000 AND UP
$2,000,000-$2,999,999 2022
2021
YTD
% CHANGE
0
0
NC
YTD
YTD
YTD
2022
2021
0
0
% CHANGE NC
12.5%
18.3%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
22
AVG SALES PER MONTH
MONTH’S SUPPLY
12.67
1.74
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
1.50
2.00
$2,000,000-$2,999,999 INVENTORY
3
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
INVENTORY
3
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2022 Turpin Realtors
Source: GSMLS 7/6/22 & Trendgraphix
MOUNTAIN LAKES SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
27
36
-25%
35
52
-32.7%
$28,374,500
$34,955,640
-18.8%
$35,842,500
$47,967,640
-25.3%
$900,000
$865,450
4%
$887,500
$838,039
5.9%
$1,050,907
$970,990
8.2%
$1,024,071
$922,454
11%
22
43
-48.8%
29
44
-34.1%
101.8%
100.4%
1.4%
101.3%
99.9%
1.4%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
2021
YTD
% CHANGE
11
12
45%
2022
2021
YTD
% CHANGE
1
0
YTD
YTD
YTD
2022
2021
1
0
% CHANGE
ç
40
2022
YTD
ç
22
% CHANGE
$3,000,000 AND UP
$2,000,000-$2,999,999
ç
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
8.3%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
4
AVG SALES PER MONTH
MONTH’S SUPPLY
3.67
1.09
INVENTORY
5
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
1.83
2.73
0
AVG SALES PER MONTH
0.17
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.17
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Source: GSMLS 7/6/22 & Trendgraphix
NEW PROVIDENCE SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
51
61
-16.4%
85
95
-10.5%
$48,529,040
$45,488,000
6.7%
$73,436,600
$67,299,696
9.1%
MEDIAN SALE PRICE
$900,000
$735,000
22.4%
$805,000
$674,000
19.4%
AVERAGE SALE PRICE
$951,549
$745,704
27.6%
$863,960
$708,417
22%
13
20
-35%
20
26
-23.1%
109.7%
103.6%
5.9%
108%
102.2%
5.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
88
2022
2021
YTD
% CHANGE
20
7
YTD
ç
64
% CHANGE
2022
2021
YTD
% CHANGE
1
0
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
185.7%
27.3%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
21
AVG SALES PER MONTH
MONTH’S SUPPLY
10.67
1.97
INVENTORY
4
AVG SALES PER MONTH
3.33
MONTH’S SUPPLY
1.20
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.17
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
PEAPACK-GLADSTONE SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
12
11
9.1%
18
27
-33.3%
$11,865,000
$13,230,500
-10.3%
$18,511,848
$28,387,624
-34.8%
MEDIAN SALE PRICE
$897,500
$1,050,000
-14.5%
$910,000
$730,000
24.7%
AVERAGE SALE PRICE
$988,750
$1,202,772
-17.8%
$1,028,436
$1,051,393
-2.2%
35
35
0%
25
63
-60.3%
97.4%
93.4%
4.3%
96.7%
95%
1.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
2021
YTD
% CHANGE
5
8
2022
2021
YTD
% CHANGE
1
0
YTD
$3,000,000 AND UP YTD
YTD
2022
2021
0
2
37.5%
29.4%
% CHANGE
ç
17
2022
YTD
ç
12
% CHANGE
$2,000,000-$2,999,999
ç
YTD
2021
ç
YTD
2022
$1,000,000-$1,999,999
100%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
5
AVG SALES PER MONTH
MONTH’S SUPPLY
2.00
2.50
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.83
1.20
$2,000,000-$2,999,999 INVENTORY
1
$3,000,000 AND UP
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
6.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
RANDOLPH TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
82
90
-8.9%
144
148
-2.7%
$61,456,616
$57,562,916
6.8%
$101,014,496
$91,868,408
10%
MEDIAN SALE PRICE
$745,558
$639,500
16.6%
$675,000
$604,750
11.6%
AVERAGE SALE PRICE
$749,470
$639,587
17.2%
$701,489
$620,732
13%
23
38
-39.5%
29
38
-23.7%
106.8%
102.5%
4.1%
105.5%
101.7%
3.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $0-$999,999
$1,000,000-$1,999,999
2021
YTD
% CHANGE
129
142
ç
YTD
2022
2021
YTD
% CHANGE
15
6
ç
2022
YTD
9.2%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
150%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
39
AVG SALES PER MONTH
MONTH’S SUPPLY
21.50
1.81
INVENTORY
0
AVG SALES PER MONTH
MONTH’S SUPPLY
2.50
N/A
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
READINGTON TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
49
81
-39.5%
96
142
-32.4%
$31,200,500
$43,719,100
-28.6%
$54,294,664
$74,739,760
-27.4%
MEDIAN SALE PRICE
$635,000
$536,500
18.4%
$550,000
$505,000
8.9%
AVERAGE SALE PRICE
$636,744
$539,742
18%
$565,569
$526,336
7.5%
20
35
-42.9%
31
47
-34%
105.2%
102.1%
3%
104%
100.7%
3.3%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2021
YTD
% CHANGE
93
140
ç
YTD
2022
2021
YTD
% CHANGE
3
2
ç
2022
YTD
33.6%
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
50%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
31
AVG SALES PER MONTH
MONTH’S SUPPLY
15.50
2.00
INVENTORY
4
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
0.50
8.00
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
SUMMIT SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
105
145
-27.6%
156
215
-27.4%
$155,963,920
$180,370,288
-13.5%
$218,164,960
$255,924,240
-14.8%
MEDIAN SALE PRICE
$1,310,000
$1,175,000
11.5%
$1,230,250
$1,075,000
14.4%
AVERAGE SALE PRICE
$1,485,370
$1,243,933
19.4%
$1,398,493
$1,190,345
17.5%
19
30
-36.7%
21
35
-40%
109.4%
101.8%
7.4%
107.4%
101%
6.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 % CHANGE
67
101
ç
2022
2021
YTD
% CHANGE
55
91
YTD
2022
2021
YTD
% CHANGE
28
18
YTD
39.6%
33.7%
$3,000,000 AND UP YTD
YTD
2022
2021
6
5
% CHANGE
ç
YTD
ç
2021
YTD
ç
2022
$2,000,000-$2,999,999
55.6%
20%
$2,000,000-$2,999,999
$3,000,000 AND UP
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
18
AVG SALES PER MONTH
MONTH’S SUPPLY
11.17
1.61
INVENTORY
12
AVG SALES PER MONTH
MONTH’S SUPPLY
9.17
1.31
INVENTORY
4
AVG SALES PER MONTH
4.67
MONTH’S SUPPLY
0.86
INVENTORY
6
AVG SALES PER MONTH
1.00
MONTH’S SUPPLY
6.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
TEWKSBURY TWP. SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
34
42
-19%
57
68
-16.2%
$37,503,000
$36,914,860
1.6%
$59,320,000
$56,880,036
4.3%
$944,000
$750,000
25.9%
$932,000
$750,000
24.3%
$1,103,029
$878,925
25.5%
$1,040,701
$836,471
24.4%
58
95
-38.9%
71
86
-17.4%
101%
98.9%
2.2%
100.4%
98.4%
2%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
2021
YTD
% CHANGE
17
13
32.7%
2022
2021
YTD
% CHANGE
2
0
YTD
YTD
YTD
2022
2021
1
0
% CHANGE
ç
55
2022
YTD
ç
37
% CHANGE
ç
YTD
2021
ç
YTD
2022
$3,000,000 AND UP
$2,000,000-$2,999,999
30.8%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
19
AVG SALES PER MONTH
MONTH’S SUPPLY
6.17
3.08
INVENTORY
8
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
2.83
2.82
4
AVG SALES PER MONTH
0.33
$3,000,000 AND UP
MONTH’S SUPPLY
12.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.17
6.00
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
WARREN SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
55
69
-20.3%
101
122
-17.2%
$60,042,940
$62,154,720
-3.4%
$108,242,840
$109,117,120
-0.8%
MEDIAN SALE PRICE
$1,080,000
$870,000
24.1%
$999,975
$830,000
20.5%
AVERAGE SALE PRICE
$1,091,689
$900,793
21.2%
$1,071,711
$894,402
19.8%
33
45
-26.7%
44
52
-15.4%
101.5%
99.9%
1.7%
99.5%
98.7%
0.8%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
90
2022
2021
YTD
% CHANGE
42
30
YTD
ç
53
% CHANGE
41.1%
2022
2021
YTD
% CHANGE
6
2
ç
YTD
2021
ç
YTD
2022
$3,000,000 AND UP
$2,000,000-$2,999,999 YTD
40%
2022
2021
% CHANGE
0
0
NC
YTD
YTD
200%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
32
AVG SALES PER MONTH
MONTH’S SUPPLY
8.83
3.62
INVENTORY
33
AVG SALES PER MONTH
MONTH’S SUPPLY
7.00
4.71
$2,000,000-$2,999,999 INVENTORY
3
AVG SALES PER MONTH
1.00
$3,000,000 AND UP
MONTH’S SUPPLY
3.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
WASHINGTON TWP. (MORRIS COUNTY) SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
80
72
11.1%
118
125
-5.6%
$50,754,856
$39,333,432
29%
$72,005,656
$64,624,232
11.4%
MEDIAN SALE PRICE
$615,000
$555,000
10.8%
$585,500
$526,000
11.3%
AVERAGE SALE PRICE
$634,435
$546,297
16.1%
$610,217
$516,993
18%
30
30
0%
31
31
0%
107.5%
103.6%
3.8%
107%
102.5%
4.4%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 2021
YTD
% CHANGE
113
125
ç
YTD
2022
2021
YTD
% CHANGE
5
0
ç
2022
YTD
$2,000,000-$2,999,999
$3,000,000 AND UP
2022
2021
YTD
% CHANGE
2022
2021
% CHANGE
0
0
NC
0
0
NC
YTD
YTD
YTD
9.6%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
36
AVG SALES PER MONTH
MONTH’S SUPPLY
18.83
1.91
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.83
1.20
$2,000,000-$2,999,999 INVENTORY
0
AVG SALES PER MONTH
0.00
$3,000,000 AND UP
MONTH’S SUPPLY
N/A
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
WATCHUNG SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
30
27
11.1%
53
59
-10.2%
$28,490,402
$24,817,000
14.8%
$49,682,344
$50,458,920
-1.5%
MEDIAN SALE PRICE
$919,888
$925,000
-0.6%
$895,000
$770,000
16.2%
AVERAGE SALE PRICE
$949,680
$919,148
3.3%
$937,402
$855,235
9.6%
44
46
-4.3%
50
57
-12.3%
104%
98.1%
6%
102.1%
97.6%
4.6%
HOMES SOLD TOTAL DOLLAR VOLUME
AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999
43
2022
2021
YTD
% CHANGE
12
16
YTD
ç
38
% CHANGE
2022
2021
YTD
% CHANGE
3
0
ç
YTD
2021
ç
YTD
2022
$2,000,000-$2,999,999 YTD
$3,000,000 AND UP 2022
2021
% CHANGE
0
0
NC
YTD
YTD
25%
11.6%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
11
AVG SALES PER MONTH
MONTH’S SUPPLY
6.33
1.74
INVENTORY
13
AVG SALES PER MONTH
MONTH’S SUPPLY
2.00
6.50
$2,000,000-$2,999,999 INVENTORY
2
AVG SALES PER MONTH
0.50
$3,000,000 AND UP
MONTH’S SUPPLY
4.00
INVENTORY
1
AVG SALES PER MONTH
MONTH’S SUPPLY
0.00
∞
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
WESTFIELD SECOND QUARTER MARKET REPORT 2022
Overview Q2 2022
Q2 2021
% CHANGE
YTD 2022
YTD 2021
% CHANGE
116
149
-22.1%
193
256
-24.6%
$125,010,480
$144,268,992
-13.3%
$200,349,280
$244,639,376
-18.1%
$953,500
$901,000
5.8%
$930,000
$880,000
5.7%
$1,077,676
$968,248
11.3%
$1,038,079
$955,622
8.6%
28
28
0%
24
36
-33.3%
107.4%
101.7%
5.6%
106%
100.6%
5.3%
HOMES SOLD TOTAL DOLLAR VOLUME MEDIAN SALE PRICE AVERAGE SALE PRICE AVERAGE DAYS ON MARKET % SALES PRICE TO LIST PRICE
Sales by Price $1,000,000-$1,999,999
$0-$999,999 YTD
% CHANGE
111
171
ç
2022
2021
YTD
% CHANGE
77
79
YTD
YTD
YTD
2022
2021
5
6
2.5%
35.1%
$3,000,000 AND UP
% CHANGE
2022
2021
% CHANGE
0
0
NC
YTD
ç
2021
YTD
ç
2022
$2,000,000-$2,999,999
YTD
16.7%
Supply and Demand (as of June 30, 2022) $1,000,000-$1,999,999
$0-$999,999 INVENTORY
23
AVG SALES PER MONTH
MONTH’S SUPPLY
18.50
1.24
INVENTORY
23
$2,000,000-$2,999,999
AVG SALES PER MONTH
MONTH’S SUPPLY
INVENTORY
12.83
1.79
5
AVG SALES PER MONTH
0.83
$3,000,000 AND UP
MONTH’S SUPPLY
6.00
INVENTORY
0
AVG SALES PER MONTH
0.00
MONTH’S SUPPLY
N/A
10 Year Market History
© 2022 Turpin Realtors
Subject to Errors and Omissions
Source: GSMLS 7/6/22 & Trendgraphix
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