Welcome, October! It’s the first Saturday of the month, which means it’s time to check out the Greece, NY real estate stats. As we change seasons, it’s a great time to think about changing your address, here’s why:
Fall market buyers are ready to be somewhere before the snow flies. They’ve usually done their research and their homework in getting pre-approved.
There are some sellers who may have missed the mark when it came to pricing their homes, and they’re still here! Be careful, however, to understand market conditions. (Contact me.) Don’t assume you’ll grab a house on clearance. They may actually have the right price now!
In a fall market, we often see investors making changes in their portfolios before the year’s end. If you have ever considered investment properties as part of your financial portfolios, now is a great time to start your search.
Let’s see how the real estate market has changed—
Currently, 200 properties were listed and are still available with a median sales price of 150k. The amount of inventory has dramatically increased from last month. This is giving us hope that the market is getting back to normal.
Presently, 191 properties are under contract with a median price of 130k. The average days on the market is 10 as homes are still flying off the market.
As of now, 106 homes closed with a median sales price of 130k. Sellers are still closing at the listed price.
If you are still in the market for a new home but haven’t found your dream home yet, don’t worry! Good things come to those who wait. More listings are making their way on the market, but the competition is still high. With that being said, it is important to make sure that you are as prepared as possible when starting your home search by getting your real estate wishlist ready.
Are you ready to update your marketing strategy as we approach the end of 2018? Connect with us today!