$389K  
The 08088 zip code market showed gains in this week's report, as the number of sales went up to 27 homes sold over the last 30 days. Within the same time frame, the 08055 zip code had 22 sales, the most of all zip codes in the area. Potential buyers should note that prices are coming down in the 08088 zip code, and for this period the median sales price slid from $235,750 to $222,500. Even after the uptick in sales, an elevated seven months of inventory tells us that the 08088 zip code is still a strong buyer's market.
Comments:

$5.6M  
The number of home sales in the 08088 zip code market rose 44.4% to 26 homes over the last 30 days, coming close to the 32.5 monthly average for the last 12 months. Within the same time frame, the 08055 zip code had 24 sales, the most of all zip codes in the area. Potential buyers should note that prices went up in the 08088 zip code, with the median for this period rising from $197,855 to $235,750. The 08088 zip code is still a solid buyer's market, in spite of the uptick in sales, thanks to the availability of seven months of remaining inventory.
Comments:

$105K  
Over the last 30 days, 17 homes were sold in the 08088 zip code market, down 10.5%. Additionally, the market is still in an emerging downward trend overall. All indications show that the trend should continue, meaning less sales over the next few weeks. The median sales price jumped to $218,000, up from last week's $170,000. A downturn in sales, coupled with the availability of 12 months of inventory, prove that the 08088 zip code is a strong buyer's market.
Comments:

$105K  
Sales rose in the 08088 zip code market to 18 homes sold over the last 30 days. But the market is also under an identifiable downward trend in the number of contracts closing, with this week's number falling to 27. All indications show that the trend should continue, meaning less pending transactions over the next few weeks. While contracts numbers were weak, the median sales price of those homes came in at $167,500, which extended a downward swing in price to four weeks. Even after the uptick in sales, an elevated 11 months of inventory tells us that the 08088 zip code is still a solid buyer's market.
Comments:

$2.4M  
Home sales in the 08088 zip code market stayed soft in this week's report as they dropped 26.3% to 14 homes sold over the last 30 days. Meanwhile, the 08060 zip code reported 24 home sales, the highest number from all the surrounding zip codes. Potential buyers should note that prices are coming down in the 08088 zip code, and for this period the median sales price slid from $149,900 to $147,450. The 08088 zip code is a solid buyer's market, thanks to a big 14 months of inventory to choose from and a pullback in sales.
Comments:

$550K  
08088 is a somewhat affluent zip code in New Jersey with a median income of $72,923 per household. The population is also considered much younger than most with a median age of 47 years. The 08088 zip code is an area where the vast majority of people own their homes, with an ownership ratio of 89.5%. The best school in the zip code is Pine Acres Early Childhd.
Comments:

$550K  
Over the last 30 days, an identifiable downward trend of new sellers coming into the 08088 zip code market continued, with 23 listings in this week's report. Meanwhile, sales fell, with 19 homes selling during the same period. The median sales price in the 08088 zip code stayed put this week at $149,900. With decreasing sales and the availability of 10 months of inventory, the 08088 zip code is a strong buyer's market.
Comments:

$105K  
In this week's report, the number of homes sold in the 08088 zip code market dropped to 19 over the past 30 days, a decrease of 24.0% from last week's report. Within the same time frame, the 08015 zip code had 29 sales, the most of all zip codes in the area. Prices fell lower as this week's reported median sales price of $145,000 continued a four-week downward trend. With prices falling, the availability of 10 months of inventory means that the 08088 zip code is a definite buyer's market.
Comments:

$249K  
Sales in the 08088 zip code market fell to 25 homes sold over the past 30 days. In addition, the number of sellers reducing their listing price is still in the midst of a downward trend with 47 price reductions in the same time frame. The median sales price dropped to $150,250, down from last week's $163,000. The 08088 zip code is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
Comments:

$5.6M  
There were 26 home sales in the 08088 zip code market over the last 30 days, while coming close to the 32.6 monthly average for the last 12 months. At the same time, the 08015 zip code reported 33 home sales, the highest number from all the surrounding zip codes. Prices are falling in the 08088 zip code, and this period the median price of all sales fell from $184,950 to $163,000. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning the 08088 zip code is still a strong buyer's market.
Comments:
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