Halfway through the year here is the relevant market data for Syosset NY
Currently on the Market – 85 homes 9 condos
Median Asking Price $799,000
84 homes and 6 condos are under contract
205 homes and 16 condos were put on the market since Jan 2017
median asking price $739,000
106 homes and 2 condos closed since Jan 1 2017
- Average list price at closing $780,773
- Average closing price $756,897
- Average Days on the Market 95
Current Absorption Rate 3 months’ worth of inventory.
It continues to be a strong sellers market with the average home selling within 3% of the list price. Inventory normally peaks this time of year but we might have reached our peak of 98 homes on the market last month. Still a great time to sell and a rough time to buy.
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