$219K  
Over the last 30 days, the sale of 10 homes took place in the Magnolia market and, even though it's the same amount as last week, the area continues a budding upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. As sales trended higher, prices have been falling. The median sales price dropped to $118,950, extending a four-week long spiral.
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$145K  
The Magnolia market slowed this week but was still better than normal as sales slid 9.1% to 10 homes sold over the last 30 days. Meanwhile, close-by Ashland reported 17 homes sales, the highest number from all the surrounding cities. Prices are falling in Magnolia, and this period the median price of all sales fell from $134,900 to $118,950. There are only three months of inventory available in Magnolia, so it's a seller's market, even with the decrease in sales.
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$164K  
Over the past 30 days, there have been fewer price cuts in the Magnolia market, continuing a six-week declining trend to land at seven. Home sales were also down to 11 over the same period. While the number of price reductions trended lower, months of inventory is on a four-week downward trend, this week hitting three months. In spite of the decrease in sales, the lack of inventory signals that Magnolia is still a seller's market.
Comments:

$145K  
Magnolia has a much older population than other areas in New Jersey with a median age of 38 years. It is also much less affluent than average with a median income of $52,536 per household. The Magnolia market is almost exclusively made up of detached homes, currently accounting for 97% overall. The best school in the city is Mary Bray.
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$209K  
The Magnolia market has established a new upward trend, reiterated this week as sales rose 116.7% to 13 homes over the last 30 days. Potential buyers should note that prices are coming down in Magnolia, and for this period the median sales price slid from $135,000 to $134,900. The higher trending sales numbers and the fact that there are a lower-than-normal two months of inventory to work through indicate that Magnolia is a strong seller's market.
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$199K  
With a recent downward trend of new sellers listing homes, including nine over the last 30 days, and sales that remained flat at six in that same time frame, the Magnolia market will be slowing. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price in Magnolia stayed put this week at $135,000.
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$110K  
Sales in the Magnolia market remained level with six homes sold over the past 30 days. However, the number of sellers reducing their listing price is still in the midst of a downward trend with eight price reductions in the same time frame. The median sales price dropped to $135,000 over the latest reporting period for Magnolia, down from $158,000.
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$110K  
Over the last 30 days, sales in the Magnolia market fell to five. However, the number of pending transactions continued to improve, reaching a total of eight during the same period. The median sales price climbed to $160,000, up from last week's $158,000. With decreasing sales and the availability of eight months of inventory, Magnolia is a definite buyer's market.
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$139K  
The Magnolia market showed gains this week as sales shot up 50.0% to reach six homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. To put it in perspective, close-by Springdale registered 20 homes sold in the same time frame, the most of all surrounding cities. The median sales price remained unchanged over the latest reporting period for Magnolia, coming in at $158,000.
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$150K  
Magnolia is an average-sized city in New Jersey with a population of 4,341 residents. Also, it has a higher than average density with 4,485.3 people per square mile. Keep in mind, most people in Magnolia own their homes, with a 67.9% ownership ratio. Topping the list of best schools in the city is Mary Bray.
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