$1.2M  
The 08033 zip code market took a break this week as sales fell to 12 homes sold over the last 30 days. However, the number of homes under contract shows an identifiable upward trend, and is now at 29. While contracts suggested otherwise, months of inventory is on a four-week upswing, this week hitting nine months. The 08033 zip code is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

$498K  
The number of homes coming into the 08033 zip code market rose to 35 listings over the last 30 days, while sales remained right where they were as once again 14 homes were sold over the same period. The median sales price of all transactions in the 08033 zip code did not budge this week, remaining at $387,500. The 08033 zip code is a definite buyer's market, due to a big seven months of inventory left and aided by the flat sales.
Comments:

$119K  
There have been 14 homes sold in the 08033 zip code market over the last 30 days, continuing a three-week downturn. During the same period, there were 33 new listings posted, the most since November. During the same time frame, 08003 had the most new listings of any other neighboring zip codes with 63. Prices are rising in the 08033 zip code, and the median sales price this period increased from $371,000 to $387,500. The 08033 zip code is a definite buyer's market, with seven months of remaining inventory and aided by the rise in sales.
Comments:

$498K  
08033 is a larger than average zip code in New Jersey with 16,318 residents. Its population is also growing slower than others at a 10-year growth rate of 0.0%. The 08033 zip code market is primarily made up of detached homes, currently accounting for 90% overall. The best schools in the zip code are Early Childhood Center and West New York Middle School.
Comments:

$1.2M  
In this week's report, the number of homes sold in the 08033 zip code market dropped to nine over the past 30 days, a decrease of 18.2% from last week's report. In comparison, the nearby 08003 zip code had 25 sales in the same time frame, the most of all neighboring zip codes. Prices are rising in the 08033 zip code, and the median sales price this period increased from $286,500 to $352,000. Along with the slip in sales, a relatively high 11 months of inventory indicates that the 08033 zip code is a solid buyer's market.
Comments:

$1.2M  
The number of sellers reducing prices in the 08033 zip code market trended up to 22 over the last 30 days, extending a three-week streak. During the same period, 11 sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price in the 08033 zip code stayed put this week at $286,500. The 08033 zip code is still a definite buyer's market, in spite of the uptick in sales, thanks to the availability of eight months of remaining inventory.
Comments:

$119K  
Hitting a record low dating back to last January, nine homes were sold in the 08033 zip code market over the last 30 days. This represents a 47.1% decrease in sales activity. When comparing other close-by zip codes within the same period, the most came from the 08003 zip code with 30 sales. As sales reached a low, the median sales price dropped, falling to $286,500, a one-year low. The downturn in sales and prices, coupled with the availability of 10 months of inventory, signal that the 08033 zip code is a definite buyer's market.
Comments:

$119K  
In this week's report, the number of homes sold in the 08033 zip code market dropped to 16 over the past 30 days. It marked a decrease of 33.3% from last week's report and a fall below the monthly average. Meanwhile, the 08003 zip code reported 30 home sales, the highest number from all the surrounding zip codes. Prices found a bottom with the median sales price falling to $330,000, a nine-month low.
Comments:

$1.2M  
With a prolonged downward trend of new sellers listing homes, including seven over the last 30 days, and sales that fell to 24 in that same time frame, the 08033 zip code market will be slowing down. The median sales price in the 08033 zip code rose to $365,000 while months of inventory spiked to four.
Comments:

$1.2M  
The 08033 zip code has a cost of living adjustment score of 146.3, which is expensive when compared to others in New Jersey. Also, the area is considered affluent with a median income of $88,060 per household. The 08033 zip code is made up of homes that are considered older than most with a median of 62 years. Leading the list of best schools in the zip code are Early Childhood Center and West New York Middle School.
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