Montgomery NY Real Estate Market Report | September 2013

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

Current Housing Market Conditions

Update – October 11th  2013 Montgomery NY Housing Market Reports September 2013

Montgomery NY Real Estate Market Report

Homes in Montgomery NY continue to sell. Inventory is remaining at the same level for the last few months. We are having sales, but buyers are extremely cautious. Sellers need to know that it is extremely important to price your home properly to get it sold.  We still remain in a buyers market as the numbers would need to be less than a six month supply of homes. Going into the fall and winter months we usually see thing quiet down, but buyers are looking to see what bargains are out there. Buyers looking during the winter and the holidays are more likely to be serious about purchasing a home.

  • There are 151 single family homes currently on the market (16 new listings in September which is down from  in August)
  • The average list price is $273,500 (ranging from $85,000 to 979,000)
  • There are 24 homes currently under contract (average list price of $228,700,000 and days on market at 134)
  • In September there were 11 homes that closed and transferred title (down from 15 closings in August)
  • The average sold price was $240,825 spending an average of 103 days on the market.
  • 137 homes closed in the last twelve months. The average sold price of $232,773 spending an average of 147 days on the market
  • This puts Montgomery in a 13.9 month supply of homes for sale. We continue to be in a buyers market at this point. 30 of our current active listings are short sales and bank owned.

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.

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Montgomery NY

Real Estate Market Report September 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 | September 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
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Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Janis this seems to be the trend across the country, buyers in my market are very cautious too, never the less they are still buying, just a lot more thought and research goes into the buying process!, Endre

Oct 11, 2013 03:43 PM #1
Rainmaker
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Women of Westchester Working Together
Women of Westchester Working Together - West Harrison, NY
Women helping Women get ahead

Super market report, Janis.  Yes, pricing your Montgomery home right is the key to getting it sold, and eventually as inventory whittles down, then prices will start to rebound.

Oct 11, 2013 09:04 PM #2
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Janis - Thank you for sharing an excellent lit of information about Montgomery, New York real estate market report September 2013.

Oct 12, 2013 01:00 AM #3
Rainer
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Scott Larson
BHHS/Utah Properties - Park City, UT
Park City, Utah Real Estate News

Hi Janis, nice report on Montgomery NY.  It seems like you are in one of the few remaining areas still in a buyers market, I hope you buyers in your area take advantage of these conditions while they are still available.

Oct 12, 2013 03:08 AM #4
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Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

People are worried about what is going to come next from our government. Great report.

Oct 12, 2013 07:45 AM #5
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