What is My Montgomery NY Home Worth?
Montgomery NY Housing Market Update May 2015
Housing Update for Montgomery NY May 2015
- There are 173 single family homes currently on the market, down 2 from last month
- 34 New listings came to market in May down from 40 in April
- The average list price is $267,148 (ranging from $39,900 to 2,000,000)
- There are 41 homes currently under contract and 12 of those went under contract in May
- In May 14 homes transferred title in Montgomery NY
- Transferred Title Prices ranged from $30,000 to $319,000
- The average home in May sold at $135,437
- Sold homes spent 175 days on the market
- Compare these numbers with May of 2014
The inventory of homes leveled off after a major surge last month. Buyers are out looking for the best choices and those homes are the first choice, leaving inventory to grow. Low interest rates have made buyers less motivated to move forward quickly. We are now seeing homes disappear off the market at a pace similar to the last few months. High end homes linger as our buyer pool for those homes is smaller.
Pricing remains the single most important part of getting top dollar in the shortest amount of time. Homes that linger rarely recover the loss of time and money. We remain in a buyers market with 14+ months of inventory which is up from April at 13.25 months. Remember though, buyers are not seeing major drops in prices. This actually makes it a win win for both sides. Prices are remaining competitive providing great value and sellers are getting top dollar for their homes in this market.
If you are looking for a more detailed report of the Montgomery NY housing market and how it relates to you as a buyer or seller, let’s talk. I’ll be happy to meet you at your house or my office. Contact me with text, phone or emails. It all works fine with me. I look forward to hearing from you soon.
What is My Montgomery NY Home Worth in May 2015?
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available
SEE what homes are currently on the market in the town of Montgomery NY.
Begin with page one of many.
Montgomery NY Housing Market Report May 2015
Map of Montgomery New York [map id=”6″]
Montgomery NY Resources found here:
- Montgomery NY History
- Village of Walden 845 778-2177
- Village of Montgomery Phone Directory 845-457-9661
- Town of Montgomery Supervisors Office 845-457-2600
published by: your real estate expert Janis Borgueta Key Properties of the Hudson Valley as a community service in Newburgh NY. To receive more real estate information please subscribe to this blog. Looking to buy a new home? You can contact Janis at (845)-527-7115 or find her on Google+ Statistics represent single family homes for sale in Montgomery NY (source HGMLS ). Information is deemed reliable but not guaranteed.