This week in the 12198 zip code market, sales rose to four homes sold over the last 30 days, even with a solid downward trend in price reductions, with four in the same time frame. All indications show that the trend should continue, meaning less price reductions over the next few weeks. Prices are falling in the 12198 zip code, and this period the median price of all sales fell from $199,400 to $136,400. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 12198 zip code is still a solid buyer's market.
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