Montgomery NY Real Estate Market Report | July 2013

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

Current Housing Market Conditions

Update – August 3rd 2013 

Town of Montgomery NY Real Estate Market ReportMontgomery NY Real Estate Market Reports | July 2013

Homes in Montgomery NY are selling. Inventory is falling and buyers are out scouting the market for a new home. Last peak of analysis shows that we are at an 11.5 month supply of homes for sale. We still remain in a buyers market as the numbers still need to go lower. We still have a way to go before that happens. Buyers are now making an effort to lock in a home and move forward with interest rates creeping up in the last month. Nothing major, but the reality of the end of the low rates may be happening. No way to tell, but if you need to buy, now is the time.

  • There are 102 single family homes currently on the market (9 new listings in July down from 15 in June)
  • The average list price is $304,000 (ranging from $271,500 to 895,999)
  • There are 22 homes currently under contract (average list price of $263,000 and days on market at 157)
  • In July there were 9 homes that closed and transferred title (up from 8 closings in June)
  • The average sold price was $238,525, spending an average of 139 days on the market.
  • 105 homes closed in the last twelve months. The average sold price of $253,073 spending an average of 161 days on the market compared to 88 in the previous twelve months.
  • This puts Montgomery in a 11.5 month supply of homes for sale. We continue to be in a buyers market at this point, but this is a great improvement over the previous year.

This Housing Market report is based on single family homes for sale in the Town and the Village of Montgomery NY. It is an analysis of the market based on information from the Hudson Gateway Association of Realtors current statistics. Neighborhoods statistics can and do change daily. If you are looking to buy or sell a home this information is important to you. All the tools available to me are how I make sure to advise my clients with pricing and trends in the area. Let me know how I can help when you are ready to buy or sell your home in Montgomery.

Ask for a FREE Comparative Market Analysis and let me provide you with information about your home. Not knowing can become very costly when it comes time to sell. You need an Orange County NY Realtor that knows the area.

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+

This post was originally published at "Montgomery NY Real Estate Market Report | July 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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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Janis, Montgomery has lots of inventory. Do you think is will go down substantially before the end of the year?

Aug 03, 2013 12:27 PM #1
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Janis very similar to our market more closed transactions, more under contract and higher average prices. Hope you are contributing to these statistics, Endre

Aug 03, 2013 12:47 PM #2
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Debbie - Our inventory includes homes that are "to be built" this can be a subdivision of 20 or 30 homes. It does skew the stats a bit as they can't possibly build and sell them in a short time. Builders like to advertise as much as possible and the agents love to list all of them when getting a subdivision to make sure to keep all the listings. Why not? But it does filter into our numbers

Endre- More sales more listings and more happy buyers and sellers!! It all works for me!!

Aug 03, 2013 09:15 PM #3
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Janis Borgueta

LIC RE Salesperson
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