$849K  
Sales fell to seven homes sold over the last 30 days in the 08318 zip code market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to eight for the same period. 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 rose dramatically to $208,000 over the latest reporting period for the 08318 zip code, up from $130,000. The 08318 zip code is a solid buyer's market, thanks to a big nine months of inventory to choose from and a pullback in sales.
Comments:

$409K  
08318 is a somewhat affluent zip code in New Jersey with a median income of $67,743 per household. The population is also considered younger than most with a median age of 42 years. Keep in mind, the vast majority of people in the 08318 zip code own their homes, with an 83.3% ownership ratio.
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$103K  
A dip in the number of pending transactions in the 08318 zip code market over the last 30 days resulted in the lowest amount since March. While six homes went under contract, there were nine completed sales. During the same time frame, 08028 had the most of any other neighboring zip codes with 24 contracts executed. As contracts reached a bottom, the median sales price went down as well, trending downwards for four weeks to $130,000. The downturn in contracts and prices, coupled with the availability of seven months of inventory, signal that the 08318 zip code is a definite buyer's market.
Comments:

$103K  
Over the last 30 days, the 08318 zip code market had a lift in home sales with 12. But as sales edged up, the number of pending transactions continued to decline, with a total of six contracts during the same period. The median sales price in the 08318 zip code stayed put this week at $110,000.
Comments:

$243K  
On top of an emerging downward trend in sellers reducing price, including 17 markdowns over the last 30 days, sales in the 08318 zip code market dropped to nine over the same stretch of time. The median sales price dropped to $90,000, down from last week's $117,500. Along with the slip in sales, a relatively high seven months of inventory indicates that the 08318 zip code is a strong buyer's market.
Comments:

$519K  
There have been 12 homes sold in the 08318 zip code market over the last 30 days. During the same period, the number of new listings totaled nine, the fewest since February. In comparison, 08360 led all other nearby zip codes with 40 new listings. The median sales price climbed to $117,500 over the latest reporting period for the 08318 zip code, up from $107,450.
Comments:

$519K  
The 08318 zip code market saw eight homes go under contract and failed to break out of a recent downward trend. Along with that, total home sales fell to nine over the last 30 days. Potential buyers should note that prices went up in the 08318 zip code, with the median for this period rising from $124,500 to $145,000. The 08318 zip code is a solid buyer's market with seven months of inventory to choose from, aided by the downturn in contracts.
Comments:

$519K  
08318 is an average-sized zip code in New Jersey with 13,003 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 5.4%. Detached homes account for 100% of the area's current housing market.
Comments:

$519K  
The 08318 zip code market slowed with a 16.7% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (8.3) with 10 homes sold. In comparison, the nearby 08302 zip code had 29 sales in the same time frame, the most of all neighboring zip codes. Prices are falling in the 08318 zip code, and this period the median price of all sales fell from $175,000 to $124,500. Along with the slip in sales, a relatively high seven months of inventory indicates that the 08318 zip code is a definite buyer's market.
Comments:

$199K  
The 08318 zip code market was solid in this week's report, as the number of home sales rose 9.1%, pushing the total to 12 homes sold over the last 30 days. To put it in perspective, the close-by 08028 zip code registered 24 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $175,000, down from last week's $205,000.
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