Princeton’s rolling three-month numbers show more homes available and more deals moving toward closing. Active listings are up about 8% from a year ago, and new listings have risen nearly 10%, giving buyers more options to consider. At the same time, pending sales have jumped almost 32% year over year, signaling strong buyer interest despite the increased inventory.
Pricing over this period has been relatively steady with a slight downward lean. The typical home value is essentially flat compared with last year, while the median list price has dipped by about 1%, suggesting sellers are adjusting expectations to meet current demand.
Conditions have shifted toward a slower, more balanced pace, even though Princeton is still classified as a seller’s market. Months of supply now sit around seven, far above the very tight levels seen in 2023, and homes are taking longer to sell than two years ago, even though the median days on market has edged down slightly from last year. Fewer properties are commanding premiums, with only about 13% selling above list compared with roughly one-third in 2023, yet the average sale-to-list ratio remains high at about 99%, indicating realistic pricing and limited discounting. In this evolving environment, both buyers and sellers can benefit from Agent Pronto’s help connecting with an agent who understands these shifting trends.
