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Eastport, N.Y. Real Estate Market Report December 2019
 
The following report is based on the 3 month period ending Dec. 31, 2019

 This months graph is about supply and demand. 
 My market reports are based on the real estate happenings of the previous three months. I like the three month synopsis because it provides a snapshot of current rather than long term events, however I will be doing a year end report as well.
Supply change- So when we look at supply (housing inventory) change and see in the graph that supply is down 36.36%, that is within the three month period, but the graph goes back to the beginning of the year and we can see that other than the summer dog days we are at yearly low for homes available for sale. Low inventory this time of year is to be expected, but now that the new year is here we should see an increase. But no matter the time of year, low inventory favors sellers.
Demand change- This statistic points to the number of homes entering into contract over the period. If you look at the entire run of the graph you will see that this has been a very stable line throughout the year. This report demand is down ... more

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