$550K  
The 19940 zip code market is starting to look less expensive. While sales continued a five-week upturn, bringing this week's numbers up to two homes sold over the last 30 days, price reductions are at the highest they've been in three months, with three reported over the same period. In comparison, 19966 led all other nearby zip codes with 37 price reductions. The median sales price in the 19940 zip code stayed put this week at $177,000. With no movement in sales and the availability of 40 months of inventory, the 19940 zip code is a definite buyer's market.
Comments:

$550K  
Home sales in the 19940 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they dropped 50.0% to one home sold over the last 30 days. Within the same time frame, the 19966 zip code had three sales, the most of all zip codes in the area. The median sales price tumbled to $85,000, down from last week's $391,400. The 19940 zip code is a solid buyer's market, thanks to a big 75 months of inventory to choose from and a pullback in sales.
Comments:

$550K  
The 19940 zip code market is currently in the middle of a prolonged upward sales trend, even as sales remained flat at two homes sold over the last 30 days. The median sales price of all transactions in the 19940 zip code did not budge this week, remaining at $391,400. The 19940 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

$145K  
Over the last 30 days, a recent upward trend of new sellers coming into the 19940 zip code market continued, with four listings in this week's report. Meanwhile, sales remained flat, with two homes selling during the same period. The median sales price of all transactions in the 19940 zip code did not budge this week, remaining at $391,400. The 19940 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
Comments:

The 19940 zip code is a zip code in Delaware with a median income of $45,540 per household. Besides being less affluent than average, its population is younger than others with a median age of 39 years. The 19940 zip code market almost exclusively consists of detached houses, accounting for 100% of the current homes in the area.
Comments:

$159K  
The 19940 zip code market saw zero homes go under contract, and failed to break out of a confirmed downward trend. The market had total home sales of two over the last 30 days, maintaining last week's pace. The median sales price remained unchanged over the latest reporting period for the 19940 zip code, coming in at $391,400. The 19940 zip code is a strong buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$550K  
The number of home sales in the 19940 zip code market climbed 200.0% to three homes over the last 30 days, exceeding the 2.0 monthly average for the last 12 months. To put it in perspective, the close-by 19973 zip code registered five homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 19940 zip code, with the median for this period rising from $117,000 to $267,800.
Comments:

$194K  
The number of homes coming into the 19940 zip code market stayed firm with one listing over the last 30 days, while sales remained right where they were as once again one home was sold over the same period. The median sales price remained unchanged over the latest reporting period for the 19940 zip code, coming in at $117,000. With no movement in sales and the availability of 13 months of inventory, the 19940 zip code is a solid buyer's market.
Comments:

$139K  
Over the last 30 days, the 19940 zip code market picked up with one home sold. To put it in perspective, the close-by 19966 zip code registered six homes sold in the same period, the most of all surrounding zip codes. Even after the uptick in sales, an elevated 13 months of inventory tells us that the 19940 zip code is still a definite buyer's market.
Comments:

19940 is a smaller-than-average zip code in Delaware with a population of 5,987 residents. Also, it has a much lower than average density with 132.8 people per square mile. Keep in mind, most people in the 19940 zip code own their homes, with a 69.6% ownership ratio.
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