Homes in Montgomery NY continue to sell. Inventory is falling and buyers are out scouting the market for a new home. Last peak of analysis shows that we are at a 12 month supply of homes for sale. We still remain in a buyers market as the numbers would need to be less than a six month supply of homes for that to change. Things would need to change quite a bit for that to happen.
There are 150 single family homes currently on the market (24 new listings in August which is up from 9 in July)
The average list price is $270,495 (ranging from $30,000 to 999,000)
There are 31 homes currently under contract (average list price of $223,800,000 and days on market at 149)
In July there were 15 homes that closed and transferred title (up from 9 closings in June)
The average sold price was $235,725 spending an average of 88 days on the market.
135 homes closed in the last twelve months. The average sold price of $231,573 spending an average of 148 days on the market
This puts Montgomery in a 12 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 three villages of the Town Montgomery NY. It is an analysis of the market based on information from the Hudson Gateway Association of Realtors current statistics. Neighborhood statistics vary and can change daily. It is important to know these details when looking to buy or sell a home in Montgomery NY. My clients benefit from the information I can provide with any home pricing and trends in the area. When it is your turn to buy or sell hire a professional with your best interest in mind. Contact your local agent and find out more.