$150K  
A four-week negative trend in the number of homes sold was extended this week after the 08016 zip code market had 29 transactions over the last 30 days. With 52 price reductions, the lowest amount since September, the market may be looking for a higher price point. In comparison, 19067 led all other nearby zip codes with 82 price reductions. The median sales price rose to $230,000, up from last week's $210,000. Even after the uptick in sales, an elevated seven months of inventory tells us that the 08016 zip code is still a definite buyer's market.
Comments:

$150K  
The 08016 zip code market remained sluggish with 24 homes sold in the last 30 days, a 20.0% sales drop. In comparison, the nearby 19067 zip code had 50 sales in the same time frame, the most of all neighboring zip codes. The median sales price jumped to $212,500 over the latest reporting period for the 08016 zip code, up from $169,000. Along with the slip in sales, a relatively high nine months of inventory indicates that the 08016 zip code is a strong buyer's market.
Comments:

$150K  
The 08016 zip code market looked solid in this week's report, as the number of sales went up to 30 homes sold over the last 30 days. To put it in perspective, the close-by 19067 zip code registered 58 homes sold in the same period, the most of all surrounding zip codes. The median sales price jumped to $169,000, up from last week's $128,750. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 08016 zip code is still a definite buyer's market.
Comments:

$525K  
With an identifiable downward trend of new sellers listing homes, including 40 over the last 30 days, and sales that fell to 28 in that same time frame, the 08016 zip code market will be cooling off. Prices are falling in the 08016 zip code, and this period the median price of all sales fell from $143,750 to $128,750. The 08016 zip code is a strong buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
Comments:

$130K  
The number of sellers reducing prices in the 08016 zip code market trended up to 66 over the last 30 days, extending a six-week streak. During the same period, 38 sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. While the number of sellers reducing prices were solid, months of inventory hit six, extending an upward trend to four weeks.
Comments:

$306K  
The population of the 08016 zip code is growing slower than the rest of New Jersey, at a 10-year growth rate of 7.9%. It's a larger than average zip code compared to the rest of the state, with 32,986 residents. With a median age of 39 years, homes in the 08016 zip code tend to be relatively old. The best school in the zip code is Beverly School.
Comments:

$440K  
The 08016 zip code market seems to be approaching a bottom, as the number of contracts executed fell to 33, the lowest levels since February. Meanwhile, sales came in at 33 homes sold over the last 30 days. When comparing other close-by zip codes within the same period, the most came from the 19067 zip code with 73 contracts executed. As contracts reached a new bottom, months of inventory rose, trending up for four weeks to seven months. The downward trend in contracts numbers and the high inventory indicate that the 08016 zip code is still a strong buyer's market.
Comments:

$306K  
The 08016 zip code market pulled back with a 5.3% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (32.4) with 36 homes sold. On the other hand, the close-by 19067 zip code registered 50 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $191,850 over the latest reporting period for the 08016 zip code, down from $226,250. The 08016 zip code is a strong buyer's market, due to a big seven months of inventory left and aided by the dip in sales.
Comments:

$130K  
Sales in the 08016 zip code market rose to 38 homes sold over the last 30 days, while the number of sellers reducing their list prices reached 64, which continues an emerging upward trend in price reductions. The median sales price jumped to $226,250 over the latest reporting period for the 08016 zip code, up from $181,750.
Comments:

$150K  
The number of home sales in the 08016 zip code market climbed 2.9% to 36 homes over the last 30 days. Within the same time frame, the 19067 zip code had 54 sales, the most of all zip codes in the area. Prices are rising in the 08016 zip code, and the median sales price this period increased from $170,165 to $181,750. Even after the uptick in sales, an elevated seven months of inventory tells us that the 08016 zip code is still a strong buyer's market.
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