$327K  
Despite a confirmed downward trend in sellers reducing price, including 14 markdowns over the last 30 days, sales in the 08089 zip code market rose to three over the same stretch of time. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price climbed to $150,000 over the latest reporting period for the 08089 zip code, up from $126,250. Despite the uptick in sales, there are still 16 months of inventory left to work through, meaning the 08089 zip code is still a solid buyer's market.
Comments:

$327K  
Home sales in the 08089 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 50.0% to two homes sold over the last 30 days. Within the same time frame, the 08081 zip code had 73 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 08089 zip code, and for this period the median sales price slid from $172,500 to $126,250. The 08089 zip code is a strong buyer's market, thanks to a big 23 months of inventory to choose from and a pullback in sales.
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$377K  
The 08089 zip code market saw five homes go under contract, and failed to break out of a confirmed downward trend. The market had total home sales of three over the last 30 days, maintaining last week's pace. Potential buyers should note that prices are coming down in the 08089 zip code, and for this period the median sales price slid from $186,500 to $180,000. A downturn in contracts, coupled with the availability of 15 months of inventory, prove that the 08089 zip code is a solid buyer's market.
Comments:

$160K  
The 08089 zip code is much younger than the rest of New Jersey, with a median age of 44. It's less affluent than average as well, with a median income of $62,993 per household. The 08089 zip code market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The best school in the zip code is William P Tatem.
Comments:

$327K  
The 08089 zip code market pulled back with a 40.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 3.4 monthly average with three homes sold. Meanwhile, the 08081 zip code reported 58 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $186,500 over the latest reporting period for the 08089 zip code, up from $180,000. The 08089 zip code is a definite buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
Comments:

$125K  
The 08089 zip code market saw sales remain flat this week with five homes sold over the last 30 days but new listings fell to five. The median sales price of homes sold came in at $180,000, which extended a downward swing in price to four weeks. Along with the falling prices, the relatively large eight months of inventory means that the 08089 zip code is a solid buyer's market.
Comments:

$175K  
The number of price cuts in the 08089 zip code market climbed to 14 over the last 30 days, furthering a solid positive trend. Perhaps due to the decreases in list prices, sales increased to five homes sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Potential buyers should note that prices went up in the 08089 zip code, with the median for this period rising from $160,000 to $180,000. The 08089 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of nine months of remaining inventory.
Comments:

$139K  
Fewer sellers put their homes up for sale in the 08089 zip code market over the last 30 days and the number of new listings tumbled this week to eight. Home sales remained unchanged from the prior period and once again four homes were sold. Prices are rising in the 08089 zip code, and the median sales price this period increased from $109,399 to $160,000. With no movement in sales and the availability of 11 months of inventory, the 08089 zip code is a solid buyer's market.
Comments:

$189K  
Sales have risen to four homes sold over the last 30 days in the 08089 zip code market. But sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to 11 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. A months of inventory number of 12 reported this week continued a four-week upward trend, to go along with the strong number of new listings in the area. The 08089 zip code is still a strong buyer's market, in spite of the uptick in sales, thanks to the availability of such a large amount of remaining inventory.
Comments:

$210K  
08089 is a zip code that is growing slower than others in New Jersey at a 10-year growth rate of 3.4%. It also has a small population of 3,666 people. With a median age of 34 years, homes in the 08089 zip code tend to be relatively old. Topping the list of best schools in the zip code is William P Tatem.
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