$298K  
The number of homes coming into the 08318 zip code market fell to four listings over the last 30 days, while sales remained right where they were as once again five homes were sold over the same period. The median sales price remained unchanged over the latest reporting period for the 08318 zip code, coming in at $50,000. The 08318 zip code is a definite buyer's market, due to a big 11 months of inventory left and aided by the flat sales.
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$298K  
08318 is an average-sized zip code in New Jersey with 13,003 residents. Also, it has seen a 5.4% increase in population over the last 10 years. Detached homes account for 100% of the area's current housing market.
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$103K  
A three-week rough patch for the overall sales trend continues in the 08318 zip code market. On a positive note, the number of sales actually rose 25.0% over the last 30 days to hit five. While sales were soft, months of inventory hit 11, extending an upward trend to four weeks. Even after uptick in sales, such a large amount of remaining inventory tells us that the 08318 zip code is still a solid buyer's market.
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$849K  
More sellers put their homes up for sale in the 08318 zip code market over the last 30 days and the number of new listings rose this week to eight. Home sales remained unchanged from the prior period and once again four homes were sold. The median sales price dropped to $189,450 over the latest reporting period for the 08318 zip code, down from $196,200. The 08318 zip code is a definite buyer's market, due to a big 15 months of inventory left and aided by the flat sales.
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$849K  
Home sales in the 08318 zip code market remained slow in this week's report as they fell 33.3% to four homes sold over the last 30 days. Within the same time frame, the 08028 zip code had 26 sales, the most of all zip codes in the area. The median sales price dropped to $196,200 over the latest reporting period for the 08318 zip code, down from $216,450. The 08318 zip code is a definite buyer's market, due to a big 14 months of inventory left and aided by the dip in sales.
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$103K  
Hitting a record low dating back to June, six homes were sold in the 08318 zip code market over the last 30 days. This represents a 25.0% drop in sales activity. When comparing other close-by zip codes within the same period, the most came from the 08028 zip code with 26 sales. However, a nine-week downward trend in pending transactions is expected to come to an end over the coming weeks. Naturally, as sales found a new low point, the amount of available homes increased, reaching a volume of 10 months of inventory, its highest point since June. The 08318 zip code is still a definite buyer's market, due to the downward trend in sales numbers and the large amount of inventory.
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$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.
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$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.
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$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.
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