The 06416 zip code market remained cold with 12 homes sold in the last 30 days, a 14.3% sales drop. On the other hand, the close-by 06033 zip code registered 62 homes sold in the same period, the most of all surrounding zip codes. Prices are falling in the 06416 zip code, and this period the median price of all sales fell from $191,200 to $136,500. With decreasing sales and the availability of eight months of inventory, the 06416 zip code is a definite buyer's market.
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