The trees are bursting into bloom, lawnmowers are humming, and real estate buzz is building. Yes, the spring market has officially sprung in the Greater Princeton Area!
While the first quarter of 2025 started off on the quieter side (thanks to low inventory), we’re now seeing the tide begin to turn, albeit slowly. Several local municipalities are already showing more homes for sale than this time last year. Well-maintained, well-priced properties are still drawing a crowd—and yes, bidding wars are alive and well. On the flip side, homes that need a little love or are priced too high? Buyers are playing the waiting game.
Despite uncertain macroeconomic conditions—rising tariffs, global instability, and stubborn inflation—our local market is showing resilience. And leading the way through it all is Callaway Henderson Sotheby’s International Realty. We’re proud to be the #1 broker in Mercer County for Q1 2025, a testament to the trust our clients place in us and the expertise we bring to every transaction.
You’ll discover within this report that real estate trends remain hyper-local. Princeton’s inventory is still tight, keeping sales numbers lower and prices higher. New construction projects in Hopewell Township and West Windsor are influencing those municipalities’ metrics, while a small sample size made up of mostly moderately priced townhomes is skewing the average sale price in Pennington. Each municipality has its own rhythm, and understanding those nuances is key. As for interest rates, yes, they’re still hanging in the 6–7% range. While that dreamy 3% era is now part of real estate folklore, buyers are adjusting to the “new normal” and pressing forward with confidence.
As always, thank you for your continued interest and support. Your trusted Callaway Henderson Sotheby’s International Realty agent is just a call, text, or email away—ready to help you navigate this dynamic spring market with insight, strategy, and a smile.
Available: 63 Greenhouse Drive, Princeton, NJ 08540 $2,895,000 *Source: TrendGraphix: Q1
