$115K  
Over the last 30 days, an identifiable upward trend of new sellers coming into the 08104 zip code market continued, with 24 listings in this week's report. Meanwhile, sales remained flat, with six homes selling during the same period. The median sales price in the 08104 zip code stayed put this week at $12,250. The 08104 zip code is a strong buyer's market, due to a big 15 months of inventory left and aided by the flat sales.
Comments:

The 08104 zip code market improved this week with four homes sold over the last 30 days. To put it in perspective, the close-by 19147 zip code registered 40 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped dramatically to $23,250, down from last week's $35,000. Despite the uptick in sales, there are still 22 months of inventory left to work through, meaning the 08104 zip code is still a solid buyer's market.
Comments:

The population of the 08104 zip code is much less affluent than average compared to others in New Jersey with a median income of $29,314 per household. It's also considered a much less expensive zip code in terms of affordability with a cost of living adjustment score of 89.4. The 08104 zip code is made up of homes that are older than most with a median of 62 years. The top school in the zip code is Clementon Elementary School.
Comments:

A six-week rough patch for the overall sales trend continues in the 08104 zip code market, with the number of sales staying even at three over the last 30 days. Prices are rising in the 08104 zip code, and the median sales price this period increased from $11,500 to $35,000. The 08104 zip code is a definite buyer's market with 31 months of inventory to choose from, aided by the downturn in sales.
Comments:

The 08104 zip code market saw sales remain flat this week with three homes sold over the last 30 days, while new listings climbed to 21. Prices are falling in the 08104 zip code, and this period the median price of all sales fell from $22,505 to $11,500. The 08104 zip code is a definite buyer's market, thanks to a big 32 months of inventory to choose from and the flat sales.
Comments:

The 08104 zip code market remained slow with three homes sold in the last 30 days, a 62.5% sales drop. In comparison, the nearby 19147 zip code had 46 sales in the same time frame, the most of all neighboring zip codes. Months of inventory hit 29 this period, extending an upward trend to four weeks. The 08104 zip code is a definite buyer's market, thanks to such a large amount of inventory to choose from and the pullback in sales numbers.
Comments:

The 08104 zip code market may be experiencing an extended pullback as sales slumped again this week by 11.1% to eight homes sold over the last 30 days. The median sales price dropped to $22,252 over the latest reporting period for the 08104 zip code, down from $22,505. With a downward trend in sales numbers and 11 months of inventory still left to work through, the 08104 zip code is a definite buyer's market.
Comments:

Home sales in the 08104 zip code market dipped below its average sales volume for the prior 12-month period. In this week's report, they fell 25.0% to nine homes sold over the last 30 days. On the other hand, the close-by 19147 zip code registered 61 homes sold in the same period, the most of all surrounding zip codes. Potential buyers should note that prices went up in the 08104 zip code, with the median for this period rising from $22,252 to $22,505. The 08104 zip code is a strong buyer's market, due to a big nine months of inventory left and aided by the dip in sales.
Comments:

08104 is a larger than average zip code in New Jersey with a population of 23,487 residents, and it has a much higher than average density compared to the rest of the state, with 7,977.7 people per square mile. The 08104 zip code is an area where most people lease the homes they live in, with a renting ratio of 54.7%. The top school in the zip code is Clementon Elementary School.
Comments:

Hitting a record low dating back to September, nine homes were sold in the 08104 zip code market over the last 30 days. This represents a 25.0% drop in sales activity. During the same time frame, 19147 had the most of any other neighboring zip codes with 64 sales. Naturally, as sales reached a bottom, the amount of available homes increased, reaching a volume of 11 months of inventory, its highest point since September. The downward trend in sales numbers and the high inventory indicate that the 08104 zip code is still a definite buyer's market.
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