Plainfield real estate update

Plainfielders will be interested in the Courier's overview of the central New Jersey real estate market in Sunday's print edition.

There is an interesting table -- not posted online -- comparing the average monthly sales, numbers of unsold homes and number of months to sell.

I have culled the Plainfield data below --

Plainfield Sales Data - Courier News, Sunday, August 5, 2007
	AVERAGE MONTHLY SALES		UNSOLD HOMES		*NUMBER OF MONTHS TO SELL
	2007	2006	2007	2006	2007	2006
Plainfield	25	39	332	265	13	7
*If homes continue to sell at a steady pace, they will sell in this period.

We have yet to see the worst of what's happening elsewhere, but there is an obvious slowdown, which is beginning now to be exacerbated by the turmoil in the credit markets.

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Real Estate --

• Courier: "Central Jersey real estate sales fickle"

-- Dan Damon

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