$264K  
October was the last time there were so many price reductions in the Somerdale market, with 20 reported over the last 30 days. The market also had nine homes change hands. When comparing other close-by municipalities within the same period, the most came from Lindenwold with 25 price reductions. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $120,000 continued a four-week upswing.
Comments:

$110K  
With 5,151 residents, Somerdale is an average-sized city in New Jersey. Also, with a 1.7% decrease over the last 10 years, its population is growing slightly slower than other parts of the state. The Somerdale market is primarily made up of detached houses, which currently account for 78% of the homes for sale in the area. Heading the list of top schools in the city is Gov Charles C Stratton.
Comments:

$179K  
The Somerdale market saw sales remain consistent with nine homes sold over the last 30 days and is also under an extended downward trend in the number of contracts closing, with this week's number falling to two. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price of all transactions in Somerdale did not budge this week, remaining at $120,000.
Comments:

$149K  
The Somerdale market made gains this week as sales climbed 16.7% to hit seven homes sold over the last 30 days. To put it in perspective, close-by Haddonfield registered 19 homes sold in the same time frame, the most of all surrounding cities. The median sales price climbed to $132,000 over the latest reporting period for Somerdale, up from $121,000. Even after the uptick in sales, an elevated eight months of inventory tells us that Somerdale is still a definite buyer's market.
Comments:

$269K  
With six homes sold in the Somerdale market over the last 30 days, we see no change from last week's numbers. However, fewer sellers came into the market in the same time frame, with 12 new listings for buyers to choose from. Prices were able to find a top with the average selling price rising to $121,000, a three-month high. Along with flat sales, a relatively high 10 months of inventory indicates that Somerdale is a definite buyer's market.
Comments:

$179K  
The Somerdale market saw five homes go under contract and failed to break out of a solid downward trend. Along with that, total home sales dropped to six over the last 30 days. Prices are falling in Somerdale, and this period the median price of all sales fell from $87,000 to $85,500. Somerdale is a definite buyer's market with 10 months of inventory to choose from, aided by the downturn in contracts.
Comments:

$159K  
Over the last 30 days, the Somerdale market was busy with eight homes sold, a 33.3% increase from last week's report. To put it in perspective, close-by Springdale registered 20 homes sold in the same time frame, the most of all surrounding cities. Months of inventory continued a steady fall, trending downwards for eight weeks to reach seven months. Despite the uptick in sales, the large amount of remaining inventory indicates that Somerdale is still a definite buyer's market.
Comments:

$110K  
Somerdale is a less affluent than average city in New Jersey with a median income of $56,137 per household. The population is also considered older than most with a median age of 41 years. It should be noted that at 69.1%, most people own their homes in Somerdale. Topping the list of best schools in the city is Gov Charles C Stratton.
Comments:

$195K  
Fewer sellers put their homes up for sale in the Somerdale market over the last 30 days and the number of new listings fell this week to 17. Home sales remained unchanged from the prior period and once again six homes were sold. The median sales price remained unchanged over the latest reporting period for Somerdale, coming in at $87,000. Somerdale is a definite buyer's market, due to a big nine months of inventory left and aided by the flat sales.
Comments:

$269K  
The Somerdale market saw sales drop 25.0% this week but it is currently in the midst of an established upward sales trend, including six homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Potential buyers should note that prices went up in Somerdale, with the median for this period rising from $62,700 to $87,000. Somerdale is a strong buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:
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