Greater Binghamton, NY Housing Statistics for August

By
Services for Real Estate Pros with EXIT Realty Front and Center

Here is my monthly report of Housing Statistics for the Greater Binghamton Area.

In August, the average sales price for a residential home was $122,584 when the average list price was $129,944. This is a list to sell ratio of 94%.  The good news is that the average days on market was down to 85 days from a high, this year, of 115 days in June.  

The end-of-month housing inventory stands at 1508 which hasn't changed much over the last few days. In our Greater Binghamton Area market this represents a 10.3 month absorption rate. Lots to choose from!     

The median sales price of a home in the Greater Binghamton Area is $102,500, a slight dip from the July median sales price of $104,616.

White picket fence
The Greater Binghamton Area continues to boast some of the most affordable housing in the country. With interest rates still hovering around 4%, it is a great time to buy a home.

Don't sit on the fence! Contact me today to find out how you can build personal wealth through home ownership!

Posted by

Jennifer Arbach
Administrator
Certified Real Estate Instructor
Technology Trainer
e-Pro

Past President Greater Binghamton Association
of
REALTORS

"REALTOR of the Year 2009"
Ephesians 2:8,9

                                                                     
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Topic:
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Rainmaker
514,331
Tom Priester
Paradise Sharks - Jupiter, FL
Paradise Sharks

Jennifer, thank you for sharing your local market statistics. I always love to see how other parts of our country are weathering the storm. Hope all is well with your business in Binghamton. Cheers!

Sep 10, 2010 12:31 AM #1
Rainmaker
722,487
Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Morning Jennifer,

Thanks for the post and Greater Binghamton housing update. Have a great day.

Sep 10, 2010 12:34 AM #2
Rainmaker
3,205,712
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Nice housing stats update. Buyers like as much info as possible before purchasing a home and your presentation on your area will keep them informed and updated!

 

Sep 10, 2010 01:17 AM #3
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Jennifer Arbach

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