$104K  
Price reductions have decreased in the 08031 zip code market, reaching a low that hasn't been seen since March. With the market getting more expensive a three-week downward trend was extended this week by the sale of six homes. In comparison, the 08012 zip code had 88 price reductions in the same time frame, the most of all nearby zip codes. As anticipated when sales found a new bottom, the amount of available homes increased to 12 months worth, a six-month high. The 08031 zip code is still a solid buyer's market, due to the downward trend in sales numbers and the large amount of inventory.
Comments:

$104K  
The 08031 zip code market slowed with an 18.2% sales drop in this week's report. Overall sales numbers for the last 30 days remained below the 11.6 monthly average with nine homes sold. On the other hand, the close-by 08012 zip code registered 45 homes sold in the same period, the most of all surrounding zip codes. The median sales price continued to fall, hitting a six-month low at $85,001. The 08031 zip code is a solid buyer's market, with a big eight months of inventory to choose from coupled with falling prices.
Comments:

$312K  
Sales fell to 11 homes sold in the 08031 zip code market over the last 30 days. Furthermore, an established downturn in the number of pending transactions continued, with 14 completed in the same period. All indications show that the trend may be coming to an end, meaning more pending transactions over the next few weeks. While contracts numbers dropped, prices were able to climb. This week's reported median sales price of $132,000 continued a four-week upswing. The 08031 zip code is still a definite buyer's market, even with the rising prices, due to the downward trend in contracts numbers and a large seven months of inventory available.
Comments:

$145K  
While home sales in the 08031 zip code market have been above average, in this week's report they sank 26.3% to 14 homes sold over the last 30 days. Meanwhile, the 08012 zip code reported 40 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $163,750 over the latest reporting period for the 08031 zip code, up from $137,900.
Comments:

$239K  
The population of the 08031 zip code is growing about even with the rest of New Jersey, at a 10-year growth rate of 1.6%. It's an average-sized zip code compared to the rest of the state, with 11,478 residents. The 08031 zip code is made up of homes that are older than most with a median of 53 years. Topping the list of best schools in the zip code is Stoy.
Comments:

$324K  
While home sales in the 08031 zip code market have been above average, in this week's report they slid 19.0% to 17 homes sold over the last 30 days. In comparison, the nearby 08012 zip code had 41 sales in the same time frame, the most of all neighboring zip codes. Prices were able to find a top with the average selling price rising to $150,000, a three-month high.
Comments:

$239K  
Sales remained steady from last week to this week, with 20 homes sold in the 08031 zip code market over the last 30 days. However, a new downturn in the number of pending transactions continued, with 13 completed in the same period. Potential buyers should note that prices went up in the 08031 zip code, with the median for this period rising from $133,750 to $142,500.
Comments:

$149K  
Over the last 30 days, the 08031 zip code market was solid with 19 homes sold, an 18.8% increase from last week's report. At the same time, the 08012 zip code reported 38 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $132,500, up from last week's $125,500.
Comments:

$149K  
The 08031 zip code market will be less intense in the coming weeks. Sales jumped this week to 15 homes sold over the last 30 days, and there is an established downward trend in the number of new listings, with 16 going live in the same time frame. All indications show that the trend should continue, meaning less new listings over the next few weeks. The median sales price dropped to $126,000 over the latest reporting period for the 08031 zip code, down from $129,250.
Comments:

$230K  
08031 is a much less affluent than average zip code in New Jersey with a median income of $53,934 per household. The population is also considered younger than most with a median age of 41 years. It should be noted that at 64.7%, most people own their homes in the 08031 zip code. Heading the list of top schools in the zip code is Stoy.
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