Watchung Borough Market Report,
for the 6 Months Ending July 31, 2010
Below is the home sales activity in Watchung Borough for the 6-month period, February 1, 2010 through July 31, 2010. During this period,
- 36 properties sold in Watchung Borough, 10 in the last month alone.
- The average selling price of these homes was $759,495.
- The sale price-to-list price ratio was 87%, which means that, on average, these 36 homes sold at 87% of their original list price.
- The sold homes were on the market an average of 133 days - about 4.5 months.
Source: GSMLS
What's Happening in the Watchung Borough Real Estate Market, Today?
The graphs below show what the Watchung Borough real estate market has been like, for the past 90 days. As you can see:
- After a lengthy period of decreasing selling prices, the recent median (middle) price of homes for sale in Watchung Borough has been increasing.
- The number of days a home has been on the market has been decreasing steadily, this year.
- Inventory (the number of homes for sale) is now on the increase. Buyers can be assured that there are many excellent choices available for you.
 
The market graphs are updated automatically, every week, so check back, often, to see what's happening!
If you would like to receive weekly, bi-weekly, or monthly updates about the Watchung Borough real estate market, just complete this simple sign-up form. I will send the market updates to your e-mail address, automatically.
FHA Loan Limits
In challenging economic times, people often wonder how they will get a mortgage. If you have saved just a small down payment, then an FHA-insured loan may of interest to you. The following widget displays the loan limits that the FHA will insure, for 5 different counties in this area. (Just click on the left and right arrows, at the top of the chart, to see the values for different counties.) As you can see, the loan limits are quite generous.
About Watchung Borough
For general information about Watchung Borough, Somerset County, NJ please visit
Borough of Watchung
To keep abreast of the news about Watchung, NJ, visit Watchung Borough's Topix news page.
History of Watchung Borough
This book in the Images of America series provides an illustrated view of the history of Watchung Borough:
Page, D.B. (2001). Images of America: Watchung. Charleston, SC: Arcadia Publishing.
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