This Month in Real Estate- November 2013
Western New York
Another great month for residential real estate in Western New York!
New listings were up 5.3 percent to 955. Pending sales decreased by 1.9 percent to 616 and inventory shrank 12.4 percent to 4,837 homes for sale in Western New York.
Home prices in Western New York leveled off a little this month and were down 4 percent to $120,000. Good news is the days on market decreased 11.3 percent to 63 days and months supply of inventory was down 17.9 percent to 5.5 months, indicating that demand increased relative to supply.
Looking to buy or sell a home in Western New York?
Check back monthly to see learn more about current market conditions or visit www.BuffaloRealEstateSearch.com and subscribe to become a Market Insider in your neighborhood.
