The 06377 zip code market saw five homes go under contract and failed to break out of an identifiable downward trend. Despite that, total home sales jumped to seven over the last 30 days. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. The median sales price dropped to $176,000 over the latest reporting period for the 06377 zip code, down from $200,000. Along with the increase in sales, the fact that there are a lower-than-normal three months of inventory indicates that the 06377 zip code is a seller's market.
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