Selling your home is one of the biggest decisions (and undertakings) you go through as an owner.
In order to keep positive equity, deciding WHEN to sell is just as important as how much you decide to list your property at.
Seeing data and trends make a huge difference, so you are informed to capitalize at the right time.
Here are the most important stats for January/February that you should know if you've been thinking of putting your home on the market
|SINGLE HOME SALES DATA|
Average Days on the Market
|$0 - $499k||< 20 Days|
|$499k +||> 40 Days|
Current Available Inventory
|Under $499,000||< 1.5 Months|
|Over $500,000||> 3 Months|
TOTAL # OF HOME SOLD JAN-FEB 2017 = 78. This represents the Smithtown Township
The February 2017 closed median home price for Long Island, which includes Nassau, Suffolk, and Queens’ housing data, was $400,000 representing a 3.9% increase over last year. Nassau County reported a $450,000 closed median home price in February representing a 2.3% increase over $440,000 reported by MLSLI last year. Suffolk County reported a closed median price of $330,000, which represents a 4.9% increase over a year ago. Queens reported a closed median home price of $478,500 representing an increase of 12.6% over last year.
The total number of Long Island residential inventory in February 2017 was 14,671, which is 17.9% lower than last year.
If your home's value is under $499,000 and you are looking to upgrade, NOW is the time! Currently, in Suffolk County and throughout the Smithtown Area, we are experiencing market conditions, unlike anything we have seen in quite a while.
You can literally Sell in a Sellers Market and Buy in a Buyers Market.
We have the stats available by the community and by price band. Call, email or message us. We'd be happy to show you how you can take advantage of this unique opportunity in Real Estate.
❤️ YOUR LISTING (YES, IT'S POSSIBLE)
We want our listings to stand out from the crowd, so we decided to keep pushing. Today's technology makes it easier than ever for consumers to view any listing on the market. As agents, we can enter a home into the MLS, click a button, and watch it automatically appear on Zillow, Trulia, etc
Want to learn more about how we can help you sell your home? Request a call and I'll follow up with you to schedule an appointment.