Report on the state of the Princeton Borough, NJ real estate market. Offers insights into inventory trends, sales patterns and price trends.

1. Weichert, Princeton Office Offers analysis of the Princeton Borough, NJ Market Trends.

2. Prepared by: Joshua D Wilton Broker/ Sales Associate Weichert, Princeton O 609-921-1900 [email_address]

6. Princeton Boro. Active Inventory

7. Princeton Boro. Condo/Townhouses Active Inventory

8. Princeton Boro. Single Family Active Inventory

10. Town by Town Analysis 7/127/09 Towns Active Listings Pending Sales in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Princeton Boro: All Styles 46 6 7.7 6 0 13 28% 3 2 5 Pton -Boro Condo/ Thouses 13 1 13 2 1 5 38% 0 1 0 Pton-Boro Single Family 33 5 6.6 4 (1) 8 24% 3 1 5

11. 4. Absorption Rate The Effect of ‘Absorption Rate’ on the Housing Market Weichert has been studying market conditions for more than 3 decades and has found a direct correlation between market absorption and property values. As absorption rates increase beyond a normal market level of 5-6 months, property values depreciate annually.

12. Market Absorption Scale (Absorption Rate in Months) 5-6 months absorption rate indicates a normal market.

13. Town by Town Analysis 7/127/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Princeton Boro: All Styles 46 6 7.7 6 0 13 28% 3 2 5 Pton -Boro Condo/ Thouses 13 1 13 2 1 5 38% 0 1 0 Pton-Boro Single Family 33 5 6.6 4 (1) 8 24% 3 1 5

14. Princeton Borough Absorption Rate By Price Active Listings Pending in Last 30 Days Absorption Rate in Months 0-$500 8 1 8 $500-750k 8 3 2.6 $750-999 7 2 3.5 $999-$1.5 million 11 0 99 $1.5 million + 13 1 13

16. Princeton Twp. Condo/Townhouses Absorption Rate

17. Princeton Twp. Single Family Absorption Rate

19. Town by Town Analysis 7/127/09 Towns Active Listings Pending in Last 30 Days Absorption Rate in Months New Listings in 30 Days Net Gain (Loss) to Market Listings Reduced in 30 Days % of Invent. Reduced Expired Listings W/drawn Listings Closed Listings Princeton Boro: All Styles 46 6 7.7 6 0 13 28% 3 2 5 Pton -Boro Condo/ Thouses 13 1 13 2 1 5 38% 0 1 0 Pton-Boro Single Family 33 5 6.6 4 (1) 8 24% 3 1 5

20. Princeton Boro. Active YTD Listings v Pending Analysis

22. Source: trend mls Relationship of Price Reductions to ‘Pending Sales’

23. Princeton Borough Market Statistics Source: Trend MLS

24. Princeton Twp. Residential Transactions Settled: June 2009 Source: Trend MLS