nassau county ny real estate: The Absorption Rate Is Putting Buyers Under Further Pressure
- 05/14/18 09:46 AM
Even though the number of listings taken in Nassau County since January 1 2018 has outpaced last year’s rate by 19% the absorption rate continues to shrink to 3.9 months’ worth of inventory on May 1st. Syosset follows the general county pattern with listings up 7% and absorption rate at 3.3 months. The absorption rate on May 1 2017 was 3.5 months. With interest rates slowly creeping up, the aggressiveness of buyers continues to accelerate. Many buyers are presenting their first offer at or over asking price and gird themselves for the ensuing bidding war. The sellers’ upper hand in the market continues … (2 comments)
nassau county ny real estate: Syosset Real Estate Market Report for 2016
- 01/04/17 02:33 PM
2016 was a good year for real estate sales on Long Island and in Syosset. 395 homes were placed on the market this past year. That was 47% higher than the previous year. 268 homes sold(closed) during the year. That is almost 22% more sales than 2015. The average selling price was up 6% to $737,920. The days on the market dropped from 87 to 82. The percentage of listings sold dropped from 82% to 73%. Even in a great market 27% did not sell. This can be due to poor motivation on the sellers’ part, mispricing the listing for the … (0 comments)
nassau county ny real estate: How Hot is the Syosset Real Estate Market?
- 04/07/16 02:09 AM
The first quarter presented a very favorable picture for this coming selling season in Syosset. Under contracts are up 29% over last year while inventory levels are slightly above last April 1st. The homes that were listed since January and went under contract already are spending only 24 days on the market. 43 % of the homes that were listed in January have already sold and 50% of those listed in February. As of April 1st the absorption rate in Syosset is a hot 3.9 months of inventory as opposed to last year’s rate of 4.6 month of inventory. Nassau County … (0 comments)
nassau county ny real estate: When Is the Best Time to List Your Home in Syosset?
- 02/15/16 03:35 AM
Does the early bird catch the worm or is it better to list in January rather than June? A study of last year’s monthly listing and selling figures shows the first quarter of the year is the best time to list your home in today’s market in Syosset. The highest percentage of homes sold was listed last February (71%) while the lowest percentage was in November (29%). Looking at the quarterly sales figures, the first quarter showed 66% of homes listed were sold and it goes downhill from there. The second quarter comes in at 54% of homes sold, followed by … (0 comments)
nassau county ny real estate: A Cool Summer for Long Island Real Estate
- 08/04/14 07:00 AM
Just as the temperature has been moderate this summer on Long Island, so too the real estate market is a bit cool. Although inventory has increased over last year’s levels, sales have not kept up. The absorption rate has risen slightly in the whole market but some local markets have been more affected. In Nassau County the inventory rose from 7356 homes on the market to 7618, an increase of 3 ½ %. Sales though slightly higher have not kept pace so that the absorption rate at which the inventory is sold rose from 6.6 months’ worth of inventory to 6.8 … (0 comments)
Call listing agent Lynn 516-458-8126 for further info or an appointment
Opportunity knocks on this best priced split in Syosset. Features include: 6 year old architectural roof, 150 amp electric service, brand new master bathroom, large yard with Pvc fence. Needs some updating.
For more pictures visit http://www.century21prevete.com/properties/2605190
Even though the number of listings taken in Nassau County since January 1 2018 has outpaced last year’s rate by 19% the absorption rate continues to shrink to 3.9 months’ worth of inventory on May 1st.
;)
;)
;)
