Video: Real Estate Community Tour for Old Westbury, NY
See Real estate community tour for Old Westbury, 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 up 4% from one year earlier, and down 1% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was up 19%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 2.3-million dollars. The number of units sold was consistent year-over-year, and increased 150% month-over-month. These latest figures could 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.