Town Of Newburgh NY Real Estate Market Report | June 2013

By
Real Estate Agent with Key Properties of the Hudson Valley NYS DRE #40BO1055114

Current Market Conditions 

Town of Newburgh NY Real Estate Market Report

July 11th, 2013

This is an overview of information on the Housing Market in the Town of Newburgh NY. Location, subdivisions and school districts affect price. Buyers and sellers benefit from this information when looking forward to purchasing or selling a home. Knowing what is happening in your location can help with decisions when buying or selling a home. If you are looking to buy or sell I can provide you with a more detailed report in determining the current value of your home in today’s market.

  • There are 236 single family homes currently on the market (33 new listings this month)
  • The average list price was $295,000  ranging from  $77,400 to $995,000
  • There are 61 homes currently under contract with half in the $200 to $350K price range. Only one home is over the $500K price point that is now under contract
  • In June the Town of Newburgh had 32 sold properties
  • The average sold price was $ 276,500 spending an average of 114 days on the market.
  • Year to date there have been 98 closed sales with an average sold price of $ $259,000 spending an average of 143 days on the market.
  • In the last twelve months there were 205 closed sales with an average sold price of $257,100 spending an average of 139 days on the market.
  • The Town of Newburgh NY home absorption rate is at a 16.4 month supply indicating we remain in a buyers market.

While the supply remains high, homes that are priced well and in great condition are selling. Home owners that have been waiting are seeing an opportunity to put their home on the market and still get a decent price as inventory had started to fall. Interest rates have begun to increase and while buyers are still looking for homes this will make their buying power slow down. Knowing everything about the local market is your best tool when buying or selling in any market.

These homes are currently available in the Town of Newburgh.  Sellers are wise to know what the competition is and how important it is to price your home correctly from the start.

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Town Of Newburgh NY

Real Estate Market Report June 2013

published by: Janis Borgueta Key Properties of the Hudson Valley  in Newburgh NY. Her blog is about living, working and Real Estate in The Hudson Valley. Information here is a community service to the public.  Please subscribe to this blog. When you are looking to buy a new home, Search the MLS for New Homes in Newburgh NY. You can contact Janis at (845)-527-7115 or find her on Google+

Statistics represent single family homes  for sale in Newburgh NY (source GHVMLS ).  Information is deemed reliable, but not guaranteed.

This post was originally published at "Town of Newburgh NY Real Estate Market Reports June 2013" Like what you see? Don’t forget to subscribe to my blog to keep updated with the latest Hudson Valley Real Estate, Community News and Homes on the market.

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Rainer
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Scott Larson
BHHS/Utah Properties - Park City, UT
Park City, Utah Real Estate News

Nice informative market report Janis, I hope buyers take advantage of one of the few remaining buyers markets around in the Newburgh area.

Jul 11, 2013 05:20 AM #1
Rainmaker
2,294,914
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Janis: This Newburgh NY real estate market report provides valuable information area consumers can use to make an informed real estate decision.

Jul 11, 2013 05:33 AM #2
Rainmaker
875,983
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Thanks Scott - Buyers in the area have choices when it comes to where they want to live.

Anita- It is scary to navigate the market without an advocate. Knowing the market is super important.

Jul 11, 2013 08:55 AM #3
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Rainmaker
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Janis Borgueta

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