$229K  
In this week's report, the number of homes sold in the 08031 zip code market fell to 14 over the past 30 days, a decrease of 17.6% from last week's report, but still above the monthly average. Meanwhile, the 08096 zip code reported 44 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices are coming down in the 08031 zip code, and for this period the median sales price slid from $118,000 to $116,500.
Comments:

$239K  
Over the last 30 days, a solid downward trend of new sellers coming into the 08031 zip code market continued, with 14 listings in this week's report. Meanwhile, sales rose, with 16 homes selling during the same period. The median sales price dropped to $120,750, potentially helping to reduce the four months of inventory left to be sold.
Comments:

$139K  
The 08031 zip code market showed positive signs in this week's report, as the number of home sales rose 7.7%, pushing the total to 14 homes sold over the last 30 days. Within the same time frame, the 08096 zip code had 38 sales, the most of all zip codes in the area. The median sales price rose to $133,950 over the latest reporting period for the 08031 zip code, up from $123,500.
Comments:

$104K  
Despite an 8.3% improvement in sales numbers this week to reach 13 homes sold over the last 30 days, the 08031 zip code market still shows a budding trend downward overall. Prices are falling in the 08031 zip code, and this period the median price of all sales fell from $124,450 to $123,500.
Comments:

$239K  
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. The 08031 zip code is an area where most people own their homes, with an ownership ratio of 64.7%. The top school in the zip code is Stoy.
Comments:

$239K  
The 08031 zip code market seems to be nearing a bottom. The number of contracts executed fell to 13, the lowest levels since June. Sales are also on the way down, sliding to 11 homes sold over the last 30 days. When comparing other close-by zip codes within the same period, the most came from the 08012 zip code with 40 contracts executed. Prices are rising in the 08031 zip code, and the median sales price this period increased from $82,000 to $129,900. Even after the uptick in sales, an elevated seven months of inventory tells us that the 08031 zip code is still a strong buyer's market.
Comments:

$104K  
The 08031 zip code market reached a low in the last 30 days, continuing a four-week trend. Sales shrank 12.5% to seven homes, the lowest amount since June. During the same time frame, 08012 had the most of any other neighboring zip codes with 35 sales. While sales were soft, months of inventory hit 11, extending an upward trend to four weeks. 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  
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.
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