For the period October 1, 2008 through September 30, 2009, the GS MLS reported total sales of (344) single family dwellings inHillsborough Township , Somerset County, NJ. The average selling price was $358,954  average DOM was 82 days and average SP/LP  was 96%

For the period October 1, 2007 through September 30, 2008 the GS  MLS reported total sales of (447) single family dwellings inHillsborough Township. The average  selling price was $396,549, average DOM was 77 days and average SP/LP was 97%

Based upon these statistics, it appears that there has been a  price decline of  9.5% in the average sales price. Obviously, the data presented above are impacted by the product mix.

Please note that the dates listed above are intended to be similar to the dates used for assessment purposes.

We at Valuation Solutions consider these data when working on tax appeal appraisals or other appraisals. Hillsborough Township has been  undergoing revaluation recently for 2010.