$510K  
Sales fell in the 08062 zip code market to 11 homes sold over the last 30 days. It's also under a confirmed downward trend in the number of contracts closing, with this week's number falling to five. Prices are falling in the 08062 zip code, and this period the median price of all sales fell from $367,000 to $275,000. A downturn in contracts, coupled with the availability of eight months of inventory, prove that the 08062 zip code is a definite buyer's market.
Comments:

$219K  
08062 is a zip code in New Jersey, and is affluent with a median income of $91,441 per household. It's older than the rest of the state, with a median age of 39. It should be noted that at 87.5%, the vast majority of people own their homes in the 08062 zip code.
Comments:

$510K  
Over the past 30 days, there have been fewer price cuts in the 08062 zip code market, continuing a six-week declining trend to land at eight. Home sales were also down to 16 over the same period. As the number of sellers reducing price trended lower, months of inventory still continued to fall, trending downwards for eight weeks to reach six months.
Comments:

$424K  
The number of homes coming into the 08062 zip code market shrank to five listings over the last 30 days, while sales remained right where they were as once again 15 homes were sold over the same period. The median sales price climbed to $275,000, up from last week's $270,000.
Comments:

$510K  
The number of homes coming into the 08062 zip code market fell to 11 listings over the last 30 days, while sales remained right where they were as once again 15 homes were sold over the same period. The median sales price dropped to $270,000 over the latest reporting period for the 08062 zip code, down from $335,000.
Comments:

$625K  
Sales in the 08062 zip code market inched up to 15 homes sold over the past 30 days, even though the number of sellers reducing their listing price is still in the midst of a downward trend with 20 price reductions in the same time frame. All indications show that the trend should continue, meaning less price reductions over the next few weeks. The median sales price rose to $335,000, up from last week's $305,000.
Comments:

$219K  
08062 is a larger than average zip code in New Jersey with 16,807 residents. Its population is also growing faster than others at a 10-year growth rate of 41.3%. The 08062 zip code market is almost exclusively made up of detached homes, currently accounting for 94% overall.
Comments:

$325K  
Sales remained at 14 homes sold over the last 30 days in the 08062 zip code market. Sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to 20 for the same period. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. However, even as new listings came into the market, months of inventory continued to fall, trending downwards for four weeks to reach seven. The 08062 zip code is a definite buyer's market, due to the large amount of inventory left and aided by the dip in sales.
Comments:

$135K  
The 08062 zip code market got positive news in this week's report, as the number of sales went up to 14 homes sold over the last 30 days. In comparison, the nearby 08094 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed to $330,000 over the latest reporting period for the 08062 zip code, up from $325,000. The 08062 zip code is still a definite buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
Comments:

$450K  
The number of homes coming into the 08062 zip code market fell to 24 listings over the last 30 days, while sales remained right where they were as once again 13 homes were sold over the same period. Pricing in the 08062 zip code remains consistent from last week to this week, with the median sales price at $325,000 again. Along with flat sales, a relatively high eight months of inventory indicates that the 08062 zip code is a solid buyer's market.
Comments:
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