Somerset County’s Real Estate Market Conditions May 2020
Based on the last full month's contract sales, statistics show a supply of approximately four months. Normal market conditions average four to six months in Somerset County. Units going under contract averaged 51 days on the market. 212 properties went "under contract" in April, quite a bit down from 329 in the prior month. Newly listed properties in the same period totaled 204, also way down from 360 in the prior month.