This Month in Real Estate November 2013- Western New York

By
Real Estate Agent with Keller Williams Buffalo Northtowns 40BA1033953

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.

 

 

Posted by

Kelly Barbus

Licensed Real Estate Salesperson

Keller Williams Buffalo Northtowns

4955 N. Bailey Ave. Suite 100

Amherst, NY 14226

716-536-1562

kellybarbus@gmail.com

www.BuffaloRealEstateSearch.com

Comments (2)

Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Interesting report up in listings and down in inventory.  Sounds like the market is changing.

Jan 14, 2014 11:27 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Kelly - Thank you for the very good information about this month in real estate November 2013 Western New York.

Jan 15, 2014 08:54 AM

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