$1M  
The number of sellers reducing prices in the 08056 zip code market trended up to 20 over the last 30 days, extending a six-week streak. During the same period, two sales were completed. As the number of sellers reducing prices trended up, prices found a top, with the average selling price rising to $362,450, a three-month high. Along with the slip in sales, the higher-than-normal inventory indicates that the 08056 zip code is a solid buyer's market.
Comments:

$1M  
There were three homes sold in the 08056 zip code market over the last 30 days. During the same period, the total number of price reductions was 17, the most since August. When comparing other close-by zip codes within the same period, the most came from the 08080 zip code with 98 price reductions. The median sales price remained unchanged over the latest reporting period for the 08056 zip code, coming in at $325,000. Along with flat sales, a relatively high 12 months of inventory indicates that the 08056 zip code is a strong buyer's market.
Comments:

$1M  
Sales in the 08056 zip code market remained flat at seven homes sold over the last 30 days, while the number of sellers reducing their list prices reached 11, which continues an emerging upward trend in price reductions. The median sales price in the 08056 zip code stayed put this week at $308,000.
Comments:

$1M  
Despite holding steady in sales this week, the 08056 zip code market extended a six-week hot streak with a total of seven homes sold over the last 30 days. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. The median sales price dropped to $308,000 over the latest reporting period for the 08056 zip code, down from $325,000.
Comments:

$489K  
Sales remained steady from last week to this week, with six homes sold in the 08056 zip code market over the last 30 days. However, a new downturn in the number of pending transactions continued, with two completed in the same period. Prices are rising in the 08056 zip code, and the median sales price this period increased from $226,250 to $288,750. The 08056 zip code is a definite buyer's market with seven months of inventory to choose from, aided by the downturn in contracts.
Comments:

$725K  
The 08056 zip code market showed healthy signs in this week's report, as the number of home sales jumped 50.0%, pushing the total to six homes sold over the last 30 days. To put it in perspective, the close-by 08080 zip code registered 46 homes sold in the same period, the most of all surrounding zip codes. The median sales price rose to $226,250 over the latest reporting period for the 08056 zip code, up from $225,750.
Comments:

$1M  
Over the last 30 days, the sale of four homes took place in the 08056 zip code market. This shows a 33.3% dip from the prior period but the area remains on a recent upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. As sales trended higher, prices have been falling. The median sales price dropped to $225,750, extending a four-week long spiral. The 08056 zip code is a strong buyer's market, due to falling prices and a large eight months of inventory left.
Comments:

$329K  
08056 ranks as the fastest growing zip code in New Jersey at a 10-year growth rate of 81.3%. However, its population only ranks 434th in size with 4,601 people. The 08056 zip code is made up of homes that are considered of moderate age with a median of 22 years.
Comments:

$599K  
The number of home sales in the 08056 zip code market climbed 20.0% to six homes over the last 30 days, exceeding the 5.5 monthly average for the last 12 months. Within the same time frame, the 08080 zip code had 47 sales, the most of all zip codes in the area. The median sales price rose to $269,500 over the latest reporting period for the 08056 zip code, up from $230,000.
Comments:

$419K  
The 08056 zip code market closed in on its 12-month sales average this week as sales climbed 25.0% to reach five homes sold over the last 30 days. To put it in perspective, the close-by 08080 zip code registered 46 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices are coming down in the 08056 zip code, and for this period the median sales price slid from $269,500 to $230,000. Despite the uptick in sales, there are still seven months of inventory left to work through, meaning the 08056 zip code is still a solid buyer's market.
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