$499K  
The 08515 zip code market remained soft with three homes sold in the last 30 days, a 25.0% sales drop. Within the same time frame, the 19067 zip code had 70 sales, the most of all zip codes in the area. Months of inventory is on a four-week upswing, this week hitting 21 months. With decreasing sales and the availability of so much inventory, the 08515 zip code is a definite buyer's market.
Comments:

08515 is a very affluent zip code in New Jersey with a median income of $101,634 per household. The population is also considered much older than most with a median age of 37 years. The 08515 zip code is an area where the vast majority of people own their homes, with an ownership ratio of 90.7%. The top school in the zip code is Melvin H Kreps School.
Comments:

$299K  
Sales fell in the 08515 zip code market to four homes sold over the last 30 days. It's also under an established downward trend in the number of contracts closing, with this week's number falling to six. Potential buyers should note that prices are coming down in the 08515 zip code, and for this period the median sales price slid from $265,000 to $250,000. A downturn in contracts, coupled with the availability of 15 months of inventory, prove that the 08515 zip code is a definite buyer's market.
Comments:

$358K  
With five homes sold in the 08515 zip code market over the last 30 days, we see no change from last week's numbers. In addition, there was no shift in the amount of sellers who came into the market in the same time frame, with 18 new listings for buyers to choose from. Prices are falling in the 08515 zip code, and this period the median price of all sales fell from $412,000 to $265,000. The 08515 zip code is a definite buyer's market, due to a big 11 months of inventory left and aided by the flat sales.
Comments:

$404K  
Over the last 30 days, the 08515 zip code market had a decrease in home sales with five. Furthermore, the amount of pending transactions continued to decline, with a total of seven contracts during the same period. The median sales price remained unchanged over the latest reporting period for the 08515 zip code, coming in at $412,000. With a downward trend in contracts numbers and nine months of inventory still left to work through, the 08515 zip code is a solid buyer's market.
Comments:

08515 is a smaller-than-average zip code in New Jersey that has seen an 81.8% increase in population over the last 10 years. It also has a total population of 4,856. The 08515 zip code is made up of homes that are considered of moderate age with a median of 24 years. Topping the list of best schools in the zip code is Melvin H Kreps School.
Comments:

$500K  
The 08515 zip code market pulled back with a 25.0% sales drop in this week's report. However, overall sales numbers for the last 30 days remained above the monthly average (5.7) with six homes sold. Meanwhile, the 19067 zip code reported 49 home sales, the highest number from all the surrounding zip codes. The median sales price rose to $423,500 over the latest reporting period for the 08515 zip code, up from $423,000. With decreasing sales and the availability of eight months of inventory, the 08515 zip code is a strong buyer's market.
Comments:

$2.2M  
While home sales in the 08515 zip code market have been above average, in this week's report they dropped 10.0% to nine homes sold over the last 30 days. Within the same time frame, the 19067 zip code had 56 sales, the most of all zip codes in the area. Potential buyers should note that prices went up in the 08515 zip code, with the median for this period rising from $402,164 to $412,000.
Comments:

$2.2M  
Despite a recent downward trend in sellers reducing price, including eight markdowns over the last 30 days, sales in the 08515 zip code market rose to 11 over the same stretch of time. As might be expected, as the number of sellers reducing price trended lower, the median sales price continued to rise, trending upwards for four weeks to reach $399,900.
Comments:

$2.2M  
Over the last 30 days, the 08515 zip code market showed healthy signs with seven homes sold. It marks a 40.0% increase from last week's report, while also topping the average sales volume for the prior 12 months. To put it in perspective, the close-by 19067 zip code registered 49 homes sold in the same period, the most of all surrounding zip codes. The median sales price remained unchanged over the latest reporting period for the 08515 zip code, coming in at $400,000.
Comments:
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Berkshire Hathaway Fox & Roach Realtors
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