$165K  
There were two homes sold in the Collings Lakes market over the last 30 days, continuing a five-week downward trend. During the same period, the total number of price reductions was eight, the most since November. In comparison, Vineland led all other nearby municipalities with 67 price reductions. The median sales price remained unchanged over the latest reporting period for Collings Lakes, coming in at $111,287. Collings Lakes is a definite buyer's market, due to a big eight months of inventory left and aided by the flat sales.
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Collings Lakes is a small city in New Jersey with a median income of $63,814 per household. Besides being less affluent than average, its population is much older than others with a median age of 38 years. The Collings Lakes market is almost exclusively made up of detached houses, which currently account for 100% of the homes for sale in the area. The top school in the city is Marine Academy Sci & Tech.
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$185K  
The Collings Lakes market improved in this week's report, as the number of sales went up to two homes sold over the last 30 days. To put it in perspective, close-by Vineland registered 24 homes sold in the same time frame, the most of all surrounding cities. Prices were able to find a top with the average selling price rising to $111,287, a three-month high. Despite the rising prices, with eight months of inventory left to work through, Collings Lakes is still a strong buyer's market.
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$169K  
Sales have inched up to two homes sold over the last 30 days in the Collings Lakes market. But sellers can expect more competition, due to a three-week upward trend in homes coming into the market, now up to six for the same period. Potential buyers should note that prices went up in Collings Lakes, with the median for this period rising from $24,000 to $40,787. Despite the uptick in sales, there are still eight months of inventory left to work through, meaning Collings Lakes is still a strong buyer's market.
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$105K  
In this week's report, the number of homes sold in the Collings Lakes market slid to one over the past 30 days, a decrease of 50.0% from last week's report. On the other hand, close-by Vineland registered 31 homes sold in the same time frame, the most of all surrounding cities. The median sales price dropped to $24,000, extending an eight-week long spiral. With prices falling, the availability of 17 months of inventory means that Collings Lakes is a strong buyer's market.
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$139K  
The Collings Lakes market recorded two home sales over the last 30 days. Also, a record number six new listings were posted, the highest since January. During the same time frame, Vineland had the most new listings of any other neighboring municipalities with 72. Potential buyers should note that prices are coming down in Collings Lakes, and for this period the median sales price slid from $30,000 to $21,788. Collings Lakes is a definite buyer's market, due to a big eight months of inventory left and aided by the dip in sales.
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$185K  
The Collings Lakes market slowed this week but was still better than normal as sales fell 20.0% to four homes sold over the last 30 days. On the other hand, close-by Vineland registered 22 homes sold in the same time frame, the most of all surrounding cities. The median sales price tumbled to $30,000, down from last week's $44,000. There are only three months of inventory available in Collings Lakes, so it's a seller's market, even with the decrease in sales.
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$105K  
Collings Lakes is a smaller-than-average city in New Jersey with a population of 1,706 residents. Also, it has an average density with 2,669.9 people per square mile. With an ownership ratio of 86.3%, the vast majority of people in Collings Lakes are homeowners. Heading the list of top schools in the city is Marine Academy Sci & Tech.
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$131K  
The Collings Lakes market saw four homes go under contract and failed to break out of a confirmed downward trend. Along with that, total home sales fell to four over the last 30 days. Although the weak contracts numbers suggest otherwise, months of inventory is on an eight-week downward trend, this week hitting three months. With inventory so low in Collings Lakes, it's still a seller's market, despite the shrinking contracts numbers.
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$184K  
The Collings Lakes market is enjoying a determined upward trend, even as sales fell 16.7% this week to five homes 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. While sales numbers rose, prices dropped. This week's reported median sales price of $44,000 continued a four-week downward trend. Despite the falling prices, a relatively low two months of inventory indicates that Collings Lakes is still a solid seller's market.
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