Home sales rose to 11 homes sold over the last 30 days, providing a boost to the 06518 zip code market. That may continue, due to a three-week upward trend for contracts, with 27 in the same time frame. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. While contracts numbers rose, prices climbed as well. This week's reported median sales price of $200,000 continued a four-week upswing. Despite the rising contracts trend and the rising prices, with 12 months of inventory to work through, the 06518 zip code is still a definite buyer's market.
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