Video: Real Estate Community Tour for Hampton Bays, NY
See Real estate community tour for Hampton Bays, NY
Welcome to November's Market Update. Lets take a look at residential real-estate activity in your area during the month of October. The number of active listings was up 15% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a greater 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 over 660-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 29%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just over 540-thousand dollars. The number of units sold was consistent year-over-year, and decreased 20% month-over-month. Fewer sales could indicate an opportunity for buyers to negotiate better terms. 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.