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Late Winter Syosset Real Estate Market Report

By
Real Estate Agent with Century 21 American Homes

Not all price ranges are created equal in the Syosset real estate market. As we put winter behind us and look forward to spring, I broke the Syosset market into 3 price ranges: under $1 million, from $1 Million to $1 ½ million and over $1 ½ Million.

The total inventory in Syosset (on March 5 2019) is 104 houses. There are 58 under $1 million, 34 between $1 million and $1 ½ million and 12 over $ 1 ½ million. In the past 30 days we’ve had 10 houses under $1 million be sold with an absorption rate of 5.8 months of inventory. In the same period 4 houses between $1 million and $1 ½ million have sold with an absorption rate of 8.5 months of inventory. There are no houses sold in the past 30 days over $ 1 ½ million. Looking back to Jan 1 there are no houses over $1 ½ million that have sold. Comparing the absorption rates to Nassau County (5 months’ worth of inventory) and Suffolk County (4.6 months’ worth of inventory) the under $1 million inventory in Syosset is holding its own. Not so with houses priced over $1 million.

Whether the spring market will give new life to the upper end of the Syosset market time will tell. Stay tuned.

Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good afternoon 

Thank you for sharing your information with us John Ammirati 

Have a great day.

March 5, 2019. 

Mar 05, 2019 01:44 PM
John Ammirati
Century 21 American Homes - Syosset, NY

my pleasure Anthony

Mar 05, 2019 01:45 PM
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties listed and sold.

Mar 06, 2019 06:22 AM
John Ammirati
Century 21 American Homes - Syosset, NY

thanks Sally

Mar 06, 2019 06:32 AM