Montgomery NY Real Estate Market Report | August 2013

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

Current Housing Market Conditions

Update – September 8th 2013 market Reports August 2013 Montgomery NY

Montgomery NY Real Estate Market Report

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.

Montgomery NY

Real Estate Market Report August 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 Montgomery NY (source GHVMLS ).  Information is deemed reliable, but not guaranteed.

This post was originally published at "Montgomery NY Real Estate Market Report | August 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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Rainmaker
926,116
Kwee Huset
Kwee Huset Realty - Venice, FL
Venice Florida Homes For Sale

Hi Janis, great market report, easy to read and understand keeping buyers and sellers informed.

Sep 08, 2013 08:18 AM #1
Rainmaker
875,583
Janis Borgueta
Key Properties of the Hudson Valley - Newburgh, NY
LIC RE Salesperson

Thanks Kwee - no graphs or fancy bling, but just info consumers want to read. Thanks for stopping by!!

Sep 08, 2013 09:25 AM #2
Rainmaker
1,035,966
Mark Loewenberg
KW of the Palm Beaches - Palm Beach Gardens, FL
KW 561-214-0370

nice market report to share with your clients and prospects in your area Janis!

Sep 08, 2013 09:47 AM #3
Rainmaker
4,432,093
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel
 

Thanks for sharing the market report. I hope consumers in your market will read it.

Sep 09, 2013 11:17 PM #4
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Rainmaker
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Janis Borgueta

LIC RE Salesperson
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