The 06021 zip code market pulled back with a 50.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (0.4) with one home sold. In comparison, the nearby 06790 zip code had 42 sales in the same time frame, the most of all neighboring zip codes. Potential buyers should note that prices are coming down in the 06021 zip code, and for this period the median sales price slid from $264,500 to $230,000. With only two months of inventory to sell, the 06021 zip code is a solid seller's market, in spite of the dip in sales.
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