$159K  
The number of sellers reducing prices in the 08046 zip code market trended up to 80 over the last 30 days, extending a three-week streak. During the same period, 35 sales were completed. While the lowering of list prices trended higher, the amount of available homes increased to seven months worth, a one-year high. Along with the slip in sales, the higher-than-normal inventory indicates that the 08046 zip code is a solid buyer's market.
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$159K  
The 08046 zip code market looked solid this week as sales rose 20.0% to reach 42 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. At the same time, the 08054 zip code reported 56 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $112,500 over the latest reporting period for the 08046 zip code, up from $102,000.
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$149K  
Over the last 30 days, 48 homes went under contract in the 08046 zip code market, the lowest amount since last February. As the market appears to be nearing a bottom, there were 32 homes sold over the same period. In comparison, 19136 led all other nearby zip codes with 46 contracts executed. The median sales price dropped to $104,500 over the latest reporting period for the 08046 zip code, down from $112,500. The 08046 zip code is a definite buyer's market, due to a downward trend in contracts numbers and seven months of inventory remaining.
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$120K  
08046 is a larger than average zip code in New Jersey with a population of 31,378 residents, and it has a higher than average density compared to the rest of the state, with 4,884.9 people per square mile. Keep in mind, the vast majority of people in the 08046 zip code own their homes, with an 83.4% ownership ratio.
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$279K  
Home sales in the 08046 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 9.5% to 38 homes sold over the last 30 days. In comparison, the nearby 08054 zip code had 45 sales in the same time frame, the most of all neighboring zip codes. The median sales price dropped to $112,500 over the latest reporting period for the 08046 zip code, down from $117,500.
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$299K  
Sales ticked up to 39 homes sold over the last 30 days in the 08046 zip code market. Sellers can expect less competition, however, due to a six-week downward trend in homes coming into the market, now down to 55 for the same period. The median sales price dropped to $115,000, down from last week's $117,500.
Comments:

$120K  
Over the last 30 days, the 08046 zip code market had a decrease in home sales with 36. Furthermore, the amount of pending transactions continued to decline, with a total of 48 contracts during the same period. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. Potential buyers should note that prices went up in the 08046 zip code, with the median for this period rising from $117,500 to $123,500.
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$125K  
The 08046 zip code market saw sales remain flat this week with 35 homes sold over the last 30 days but new listings fell to 56. The median sales price in the 08046 zip code stayed put this week at $127,000.
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$249K  
The 08046 zip code market will be less selective in the coming weeks. Sales inched up this week to 34 homes sold over the last 30 days, and there is an emerging downward trend in the number of new listings, with 57 going live in the same time frame. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. The median sales price climbed to $127,000, up from last week's $119,000.
Comments:

$120K  
The 08046 zip code is a zip code in New Jersey with a median income of $72,310 per household. Besides being somewhat affluent, its population is younger than others with a median age of 41 years. The 08046 zip code market is almost exclusively made up of detached homes, currently accounting for 94% overall.
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