$8.5M  
The number of home sales in the Moorestown-Lenola market climbed 11.1% to 20 homes over the last 30 days, exceeding the 18.8 monthly average for the last 12 months. To put it in perspective, close-by Philadelphia registered 1,720 homes sold in the same time frame, the most of all surrounding cities. Potential buyers should note that prices are coming down in Moorestown-Lenola, and for this period the median sales price slid from $400,000 to $366,500. Even after the uptick in sales, an elevated seven months of inventory tells us that Moorestown-Lenola is still a definite buyer's market.
Comments:

Moorestown-Lenola has a population that is much younger than most in New Jersey with a median age of 43 years. Also, it's affluent with a median income of $83,479 per household. Moorestown-Lenola is an area where most people own their homes, with an ownership ratio of 71.9%. The best school in the city is Eastampton Middle School.
Comments:

$8.5M  
The number of homes coming into the Moorestown-Lenola market stayed firm with 44 listings over the last 30 days, while sales remained right where they were as once again 18 homes were sold over the same period. The median sales price remained unchanged over the latest reporting period for Moorestown-Lenola, coming in at $400,000. Moorestown-Lenola is a definite buyer's market, thanks to a big seven months of inventory to choose from and the flat sales.
Comments:

$1.6M  
The Moorestown-Lenola market saw 16 more homes change hands over the last 30 days. With that, price reductions have increased significantly as well, reaching their highest level since November at 37. In comparison, Philadelphia had 1,963 price reductions in the same time frame, the most of all nearby municipalities. Prices are rising in Moorestown-Lenola, and the median sales price this period increased from $387,500 to $432,500. The rise in price reductions and high eight months of remaining inventory tell us Moorestown-Lenola is a definite buyer's market.
Comments:

$180K  
The Moorestown-Lenola market showed continued softness over the last 30 days, as sales shrank 21.4% to 11 homes, the lowest amount in three months. When comparing other close-by municipalities within the same period, the most came from Philadelphia with 1,322 sales. The median sales price climbed to $227,000, up from last week's $224,500. Moorestown-Lenola is a solid buyer's market with 12 months of inventory to choose from, aided by the downturn in sales.
Comments:

Moorestown-Lenola is a larger than average city in New Jersey that has seen a 0.2% increase in population over the last 10 years. It also has a total population of 14,217. Moorestown-Lenola is made up of homes that are older than most with a median of 55 years. Topping the list of best schools in the city is Eastampton Middle School.
Comments:

$8.5M  
The Moorestown-Lenola remained below its 12-month average sales volume this week as sales dropped 6.2% to hit 15 homes sold over the last 30 days. On the other hand, close-by Philadelphia registered 1,384 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped dramatically to $222,000 over the latest reporting period for Moorestown-Lenola, down from $357,500. Along with the slip in sales, a relatively high eight months of inventory indicates that Moorestown-Lenola is a definite buyer's market.
Comments:

$8.5M  
The Moorestown-Lenola market saw 21 homes go under contract and failed to break out of a new downward trend. Along with that, total home sales fell to 16 over the last 30 days. The median sales price remained unchanged over the latest reporting period for Moorestown-Lenola, coming in at $357,500. Moorestown-Lenola is a definite buyer's market, due to a downward trend in contracts numbers and eight months of inventory remaining.
Comments:

$2.9M  
The Moorestown-Lenola market showed strong improvement in this week's report, as the number of home sales rose 13.3%, pushing the total to 17 homes sold over the last 30 days. In comparison, nearby Philadelphia had 1,367 sales in the same time frame, the most of all neighboring cities. The median sales price jumped to $335,000, up from last week's $246,000. Moorestown-Lenola is still a strong buyer's market, due to the availability of seven months of remaining inventory, even after the uptick in sales.
Comments:

$1.7M  
This week in the Moorestown-Lenola market, sales fell to 14 homes sold over the last 30 days, even as it endures a pronounced upward trend in price reductions, with 30 reported in the same time frame. Price reductions numbers should rise over the next few weeks as well with all signs pointing to a continuation of the existing trend. Pricing in Moorestown-Lenola remains consistent from last week to this week, with the median sales price at $313,000 again. With decreasing sales and the availability of nine months of inventory, Moorestown-Lenola is a definite buyer's market.
Comments:
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