$327K  
In this week's report, the number of homes sold in the 08089 zip code market tumbled to four over the past 30 days, a decrease of 42.9% from last week's report, but still above the monthly average. On the other hand, the close-by 08081 zip code registered 55 homes sold in the same period, the most of all surrounding zip codes. Prices are rising in the 08089 zip code, and the median sales price this period increased from $152,000 to $168,500. Along with the slip in sales, a relatively high 10 months of inventory indicates that the 08089 zip code is a strong buyer's market.
Comments:

$275K  
The 08089 zip code market saw sales remain flat this week with six homes sold over the last 30 days, while new listings climbed to eight. The median sales price in the 08089 zip code stayed put this week at $136,000.
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$282K  
The number of sellers who put their homes up for sale in the 08089 zip code market over the last 30 days remained flat this week at six. Home sales also remained unchanged from the prior period and once again six homes were sold. Prices are rising in the 08089 zip code, and the median sales price this period increased from $135,000 to $136,000.
Comments:

$377K  
The number of home sales in the 08089 zip code market rocketed 100.0% to six homes over the last 30 days, exceeding the 3.3 monthly average for the last 12 months. At the same time, the 08081 zip code reported 56 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $135,000 over the latest reporting period for the 08089 zip code, up from $120,000. The 08089 zip code is still a solid buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
Comments:

$160K  
08089 is a small zip code in New Jersey that has seen a 3.4% increase in population over the last 10 years. It also has a total population of 3,666. With a median age of 34 years, homes in the 08089 zip code tend to be relatively old. Heading the list of top schools in the zip code is William P Tatem.
Comments:

$377K  
In this week's report, the number of homes sold in the 08089 zip code market dropped to three over the past 30 days. It marked a decrease of 25.0% from last week's report and a fall below the monthly average. In comparison, the nearby 08081 zip code had 53 sales in the same time frame, the most of all neighboring zip codes. The median sales price climbed to $120,000, up from last week's $118,750. With decreasing sales and the availability of 14 months of inventory, the 08089 zip code is a solid buyer's market.
Comments:

$327K  
The 08089 zip code market saw sales remain consistent with four homes sold over the last 30 days and is also under a determined downward trend in the number of contracts closing, with this week's number falling to three. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. Pricing in the 08089 zip code remains consistent from last week to this week, with the median sales price at $118,750 again. A downturn in contracts, coupled with the availability of 11 months of inventory, prove that the 08089 zip code is a strong buyer's market.
Comments:

$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.
Comments:

$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.
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Weichert, REALTORS
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