Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]
Buyer confidence and high demand remain strong in Westchester County while our local home inventory remains historically low. Purchasing a home is one of the largest financial decisions most will make in their lifetime. This blog’s main purpose is to help educate the consumer on the real estate process and to provide up-to-date information on our local market conditions.
Today I would like to talk to you about Housing Inventory
- Existing Home Sales are now at an annual pace of 5.46 million.
- Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines.
- The median price of homes sold in April was $257,900. This is the 74th consecutive month of year-over-year price gains.
To assure that you make the best possible decisions, it’s important that you have a knowledgeable agent on your side who is an expert in the local real estate market. Our goal is to provide you with as much information as needed to make well-informed decisions throughout your home purchase or home sale in Westchester County, New York.
To Search ALL Westchester County Real Estate Listings, visit www.Ragette.com
To reach Ralph, please call (or text) 914-202-1101 or send an email to Ralph@WestchesterHomeAdvisor.com