In this week's report, the number of homes sold in the 11004 zip code market slid to 10 over the past 30 days, a decrease of 9.1% from last week's report, but still above the monthly average. In comparison, the nearby 11040 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 11004 zip code, and the median sales price this period increased from $461,500 to $463,250. In spite of the decrease in sales, a low three months of inventory signals that the 11004 zip code is a seller's market.
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