Sales fell this week to 40 homes sold in the 08540 zip code market over the last 30 days. However, a three-week positive trend for contracts was extended, with 69 pending transactions in the same time frame. The median sales price dropped to $465,000 over the latest reporting period for the 08540 zip code, down from $505,000. The 08540 zip code is a definite buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
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