August 2018 Staten Island Real Estate Market Recap
Posted by Tom Crimmins Realty on
The Current Inventory numbers have increased from 2,286 houses in August 2017 to 2514 houses in August 2018. This increase lead to the decrease in the Average list price in 2018, as there is a larger market for buyers to choose from.
The chart above displays the total amount of sales that were made from August 2017 to August of 2018. This chart shows that 47 less homes were sold in August of this year, at least a 9.36% significant sale decrease compared to August of last year.
The average sale price of homes has slightly decreased from $571,582 in August 2017 to $560,994 in August 2018. This was also caused by both the decrease in Days on Market and the increase in the Current Inventory, because the market has started to shift slowly from a sellers…
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