$325K  
The 08343 zip code market broke below its 12-month average sales volume this week as sales dropped 25.0% to hit three homes sold over the last 30 days. Meanwhile, the 08028 zip code reported 32 home sales, the highest number from all the surrounding zip codes. The median sales price dropped to $269,000, down from last week's $272,000. The 08343 zip code is a definite buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
Comments:

$199K  
The 08343 zip code market saw zero homes go under contract, and failed to break out of a determined downward trend. The market had total home sales of four over the last 30 days, maintaining last week's pace. The median sales price in the 08343 zip code stayed put this week at $272,000. The 08343 zip code is a strong buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$394K  
With a determined downward trend of new sellers listing homes, including one over the last 30 days, and sales that dropped to four in that same time frame, the 08343 zip code market will be cooling off. All indications show that the trend should continue, meaning less new listings over the next few weeks. The median sales price rose dramatically to $272,000 over the latest reporting period for the 08343 zip code, up from $218,500. With decreasing sales and the availability of seven months of inventory, the 08343 zip code is a solid buyer's market.
Comments:

$394K  
The 08343 zip code has a cost of living adjustment score of 122.8, which is less expensive when compared to others in New Jersey. Also, the area is considered less affluent than average with a median income of $64,583 per household. The 08343 zip code is made up of homes that are considered relatively old with a median of 36 years. The best school in the zip code is Downe Twp Elementary School.
Comments:

$199K  
With six homes sold in the 08343 zip code 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 three new listings for buyers to choose from. Months of inventory were further reduced to six, extending a downward trend to four weeks.
Comments:

$340K  
The 08343 zip code market saw three homes go under contract, and failed to break out of an identifiable downward trend. The market had total home sales of six over the last 30 days, maintaining last week's pace. The median sales price remained unchanged over the latest reporting period for the 08343 zip code, coming in at $217,900.
Comments:

$369K  
The 08343 zip code market might be cooling in the coming weeks. Sales stayed steady at six homes sold over the last 30 days, but there is a new downward trend in the number of new listings, with four going live in the same time frame. The median sales price of all transactions in the 08343 zip code did not budge this week, remaining at $217,900.
Comments:

$369K  
The number of home sales in the 08343 zip code market rocketed 200.0% to six homes over the last 30 days, exceeding the 3.5 monthly average for the last 12 months. Within the same time frame, the 08094 zip code had 41 sales, the most of all zip codes in the area. The median sales price dropped to $217,900, down from last week's $303,122.
Comments:

$215K  
The number of price cuts in the 08343 zip code market climbed to 10 over the last 30 days, furthering an established positive trend. Despite drops in list prices, sales also decreased to one home sold. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Pricing in the 08343 zip code remains consistent from last week to this week, with the median sales price at $332,445 again. The 08343 zip code is a solid buyer's market, thanks to a big 41 months of inventory to choose from and a pullback in sales.
Comments:

$345K  
There were three home sales in the 08343 zip code market over the last 30 days, while coming close to the 3.4 monthly average for the last 12 months. In comparison, the nearby 08094 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. The median sales price rose dramatically to $332,445, up from last week's $265,250. The 08343 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of 14 months of remaining inventory.
Comments:
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