A four-week growth trend in the number of homes sold was extended this week after the 11944 zip code market added another 15 transactions over the last 30 days. With four price reductions, the lowest amount since April, the market may be finding a price bottom. During the same time frame, 11968 had the most of any other neighboring zip codes with 16 price reductions. Potential buyers should note that prices went up in the 11944 zip code, with the median for this period rising from $509,500 to $520,000. With only two months of inventory and rising sales, the 11944 zip code is a strong seller's market.
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