Hello, May! It’s the first Saturday of the month, and it looks like Spring has finally sprung so let’s take a look at Greece, NY April Housing Stats. We have a feeling that the sunshine is heating up the real estate market.
In the last 30 days, 95 single residential properties were listed with a median sale price of 149k. Although the average price and number of listing both slightly decreased, there is no saying that the market is low on properties to choose from.
Of single residential homes listed in the month of April: 58 homes have gone under contract with a median price of 130k. The average days on the market is 3. Although fewer homes are on the market, they are selling quickly so if you find something that you like don’t hesitate!
In the last 30 days, 72 properties have sold with a median closed price of 138k at an average of 100% of the asking price! Buyers are willing to pay more in this market as we saw a decrease in sold properties and a definite increase in the average sale price.
To recap, we are seeing more listings come on the market and they are going fast. Not to worry, it only takes one house to be the right one!
If you’re buying a home, here are a few tips to help be ready to make that first offer:
- Talk with your mortgage professional about a comfortable price range.
- Get pre-qualified.
- Save for a down payment.
- If the right house doesn’t come up right away don’t hesitate to wait a month.
In a seller’s market, many are worried that the market is too competitive. We can customize a plan to help you reach your real estate goals. Contact us today so that we can help you find the home of your dreams!