$110K  
The Somerdale market may be experiencing a long pullback as sales slumped again this week by 50.0% to one home sold over the last 30 days. While sales were soft, months of inventory hit 64, extending an upward trend to four weeks. Somerdale is still a strong buyer's market, based on the large amount of inventory to choose from and the downturn in sales.
Comments:

$179K  
Over the last 30 days, an identifiable upward trend of new sellers coming into the Somerdale market continued, with 20 listings in this week's report. Meanwhile, sales have fallen, with two homes selling during the same period. Prices are falling in Somerdale, and this period the median price of all sales fell from $188,000 to $111,450. Somerdale is a solid buyer's market, due to a big 32 months of inventory left and aided by the dip in sales.
Comments:

$110K  
Somerdale is a less affluent than average city in New Jersey with a median income of $56,137 per household. The population is also considered older than most with a median age of 41 years. Keep in mind, most people in Somerdale own their homes, with a 69.1% ownership ratio. The best school in the city is Gov Charles C Stratton.
Comments:

$264K  
Home sales in the Somerdale market remained slow in this week's report as they slid 25.0% to three homes sold over the last 30 days. Within the same time frame, Springdale had 19 sales, the most of all cities in the area. The median sales price has been increasing as it hit $188,000, extending an eight-week long spike. Somerdale is a strong buyer's market, thanks to a big 21 months of inventory to choose from and a pullback in sales.
Comments:

$119K  
The number of sellers reducing prices in the Somerdale market trended up to 20 over the last 30 days, extending a six-week streak. During the same period, three sales were completed. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. Prices are rising in Somerdale, and the median sales price this period increased from $120,750 to $188,000. With decreasing sales and the availability of 21 months of inventory, Somerdale is a solid buyer's market.
Comments:

$149K  
Home sales in the Somerdale market dipped below its average sales volume for the prior 12-month period. In this week's report, they slid 14.3% to six homes sold over the last 30 days. In comparison, nearby Ashland had 14 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $120,750, down from last week's $132,000. Somerdale is a definite buyer's market, due to a big 10 months of inventory left and aided by the dip in sales.
Comments:

$195K  
While home sales in the Somerdale market have been above average, in this week's report they fell 22.2% to seven homes sold over the last 30 days. Within the same time frame, Lindenwold had 16 sales, the most of all cities in the area. Months of inventory hit nine this period, extending an upward trend to four weeks. With decreasing sales and the availability of so much inventory, Somerdale is a strong buyer's market.
Comments:

$264K  
October was the last time there were so many price reductions in the Somerdale market, with 20 reported over the last 30 days. The market also had nine homes change hands. When comparing other close-by municipalities within the same period, the most came from Lindenwold with 25 price reductions. While price reduction numbers rose, sale prices climbed as well. This week's reported median sales price of $120,000 continued a four-week upswing.
Comments:

$110K  
With 5,151 residents, Somerdale is an average-sized city in New Jersey. Also, with a 1.7% decrease over the last 10 years, its population is growing slightly slower than other parts of the state. The Somerdale market is primarily made up of detached houses, which currently account for 78% of the homes for sale in the area. Heading the list of top schools in the city is Gov Charles C Stratton.
Comments:

$179K  
The Somerdale market saw sales remain consistent with nine homes sold over the last 30 days and is also under an extended downward trend in the number of contracts closing, with this week's number falling to two. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. The median sales price of all transactions in Somerdale did not budge this week, remaining at $120,000.
Comments:
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