A four-week negative trend in the number of homes sold was extended this week after the 11763 zip code market had 32 transactions over the last 30 days. With 24 price reductions, the lowest amount since July, the market may be looking for a higher price point. When comparing other close-by zip codes within the same period, the most came from the 11967 zip code with 58 price reductions. As might be expected, as the number of sellers reducing price found a new bottom, the median sales price continued to rise, trending upwards for four weeks to reach $293,000.
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