Watchung real estate update

There are currently 56 single family houses in Watchung listed for sale. The range in price from $449,000 to $3.1 Million. They have been on the market for an average of 186 days. and have a median asking price of just over $950,000. Since November 1, 2009, there have been 2 new listings and price changes on 2 listings. One property has been reported under contract. and one sale has closed. The property which is under contract is bank-owned. The house that sold had been on the market for 289 days. The sales price was 93% of the final list price and 77% of the initial asking price.