The number of single family homes on the market in Rockland County, NY has declined by 9.5% since the end of October, in my mind signaling the beginning of the traditional holiday slow down. This decline in the number of homes for sale also underlines the importance of serious sellers getting on the market now, as there are serious buyers out there, and less competition means a greater likelihood that your house will get an offer. (I have a relocation client coming to town this week and there is only ONE house to show them that fits their needs!)
Similarly, the number of condos on the market has declined by 9.7% since the end of October. Get your price and presentation right and you will sell.
Buyers, the mortgage interest rate has remained at 6% for the past two weeks, the first time in a long while that the rates were unchanged for two weeks in a row. A recent study by NAR found that the affordability index of houses nationwide is now at 1998 levels. Good news for first time homebuyers, or looking to sell a current residence and upgrade to a bigger house.
Here are the numbers for this past week:
|Rockland County Market Snapshot|
|Week Ending 11/22/2008|
|Single Family||Condo||Multi Family|
|New Listings||46||New Listings||21||New Listings||4|
|Price Revisions||71||Price Revisions||28||Price Revisions||4|
|Under Contract||23||Under Contract||13||Under Contract||0|
|Avg Sale Price||$430,552||Avg Sale Price||$249,393||Avg Sale Price||$350,700|
|Total Active||1242||Total Active||449||Total Active||92|
If you are curious about what is going on in your neighborhood in Rockland County, please contact me at 845-323-6247, or at firstname.lastname@example.org.
jennifer mallory | associate broker | "real integrity in real estate"
keller williams hudson valley realty II | 130 N. Main Street, Nyack, NY 10960
845.521.3135 | 845.323.6247 mobile | www.jennifermallory.com