Video: Real Estate Community Tour for Lido Beach, NY
See Real estate community tour for Lido Beach, NY
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was stable from one year earlier, and down 16% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 1.3-million dollars. Compared to last year, the average number of days units spent on the market before being sold was down 57%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 450-thousand dollars. The number of units sold increased 67% year-over-year, and increased 67% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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.