Real Estate Market Update for
10956 (New City, NY)
Welcome to May's Market Update. Let’s take a look at residential real-estate activity in your area during the month of April. The number of active listings was down 22% from one year earlier, and up 15% from the previous month. This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month was just under 570-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 28%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 510-thousand dollars. The number of units sold increased 54% year-over-year, and decreased 20% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.