Video: Real Estate Community Tour for Farmingdale, NY
See Real estate community tour for Farmingdale, NY
Welcome to July's Market Update. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 30% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 400-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold did not change ... reflecting virtually no change in the local inventory-turnover rate. The median sale price was 360-thousand dollars. The number of units sold decreased 30% year-over-year, and increased 11% month-over-month. Despite a slight annual decrease, this upward monthly sales trend indicates positive momentum. 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.