$194K  
Over the last 30 days, the Victory Lakes market was active with three homes sold, closing in on the average sales volume for the prior 12 months. In comparison, nearby Vineland had 26 sales in the same time frame, the most of all neighboring cities. The median sales price tumbled to $133,900 over the latest reporting period for Victory Lakes, down from $245,000. Victory Lakes is still a strong buyer's market, due to the availability of 11 months of remaining inventory, even after the uptick in sales.
Comments:

Victory Lakes is a city in New Jersey. It's somewhat affluent and the cost of living is much less expensive compared to the rest of the state, with a median income of $66,611 per household and cost of living adjustment score of 109.7. Victory Lakes is made up of homes that are relatively old with a median of 39 years. Heading the list of top schools in the city is Mountain Park.
Comments:

$194K  
There was one home sale in the Victory Lakes market over the last 30 days. In comparison, nearby Vineland had 24 sales in the same time frame, the most of all neighboring cities. Even after the uptick in sales, an elevated 28 months of inventory tells us that Victory Lakes is still a definite buyer's market.
Comments:

$239K  
While home sales in the Victory Lakes market have been above average, in this week's report they dropped 16.7% to five homes sold over the last 30 days. Meanwhile, close-by Vineland reported 34 homes sales, the highest number from all the surrounding cities. Months of inventory were further reduced to five, extending a downward trend to four weeks.
Comments:

$239K  
Over the last 30 days, the sale of five homes took place in the Victory Lakes market. This shows a 37.5% drop from the prior period but the area remains on a new upward trend. All indications show that the trend may be coming to an end, meaning less sales over the next few weeks. Prices are falling in Victory Lakes, and this period the median price of all sales fell from $149,000 to $130,000.
Comments:

$254K  
Sales in the Victory Lakes market remained flat at eight homes sold over the last 30 days, while the number of sellers reducing their list prices reached seven, which continues an emerging upward trend in price reductions. While price reduction numbers were strong, the median sales price of homes sold came in at $149,000, which extended a price upswing to four weeks. Despite the flat sales, a relatively low three months of inventory remaining indicates that Victory Lakes is a seller's market.
Comments:

With 2,111 residents, Victory Lakes is a smaller-than-average city in New Jersey. However, with a 4.0% increase over the last 10 years, it ranks first in terms of growth. Detached homes account for 100% of the area's current housing market. The top school in the city is Mountain Park.
Comments:

$254K  
The Victory Lakes market saw sales remain flat this week with six homes sold over the last 30 days but new listings fell to eight. The median sales price rose to $117,000, and there are a fairly average four months of inventory left to be sold.
Comments:

$169K  
The Victory Lakes market saw sales remain flat this week with five homes sold over the last 30 days, while new listings shot up to 10. Pricing in Victory Lakes remains consistent from last week to this week, with the median sales price at $168,000 again.
Comments:

$109K  
A three-week rough patch for the overall sales trend continues in the Victory Lakes market. On a positive note, the number of sales actually rose 200.0% over the last 30 days to hit three. All indications show that the trend may be coming to an end, meaning more sales over the next few weeks. Potential buyers should note that prices are coming down in Victory Lakes, and for this period the median sales price slid from $255,000 to $248,000. Victory Lakes is still a definite buyer's market, due to the availability of eight months of remaining inventory, even after the uptick in sales.
Comments:
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