Center Moriches, N.Y. Real Estate Report April, 2020

By
Real Estate Agent with Corcoran Real Estate 30CA0962460
https://activerain.com/droplet/5mRy

 Center Moriches, N.Y. Real Estate Market Report

The following report is based on the 3 month period ending March 31, 2020

Let us start by wishing you all health and safe travels during these uncertain times
God Bless America!

The world is upside down and yet we must all try our best to keep moving forward, stay positive, be productive. I'm happy to be able to report that this month's Center Moriches Real Estate Market report has some bright spots to it. Let's focus on supply and demand as that is the rudder that steers the real estate ship. As long as supply (inventory) remains low and demand (buyers in the market) matches or exceeds that supply we should remain stable, and that's good news for anyone thinking about selling now or in the near future. Take a look at the graph below and see that supply is down 7.84% for this period and demand is up 2.91% So far, so good for sellers!

Supply and demand Center Moriches

In these reports I always ask "Is this a good time to sell your Center Moriches home?" I know what you're thinking- "Is this guy kidding me? It can't possibly be a good time to sell we're in the middle of a pandemic! Yes we are and these are tough, uncertain times, but there will always be people that need to buy or sell for reasons that are important to them. If you happen to be one of those people, give us a call and we will share with you how to distance yourself and your home from the competition and get sold quickly for the highest price possible. Frankly, as of this writing the average sale and listing prices have changed very little, if at all.

What is my Center Moriches NY home worth in today's market?

 

Market Statistics for Center Moriches, NY December 31, 2019 through March 31, 2020

New Listings-               There were 13 new listings taken
Current Inventory-     There are 44 single family homes on market (Center Moriches Homes For Sale)
In Contract-                 There are 17 single family homes in contract
Closed Sales-                There were 9 single family homes sold   
Median Ask Price-      $489,495.00
Median Sold Price -     $420,000.00

Learn more about living the good life in Center Moriches

See why we love Center Moriches in this short video

Call 631-241-8168 or email me at Bill.Carroll@Corcoran.com with questions or to arrange a confidential comparative home value analysis

And always remember- "In Real Estate, Representation Is Everything"!

Posted by

William "Bill" Carroll
Associate Broker
Corcoran Real Estate
Westhampton Beach,NY.

Bill.Carroll@Corcoran.com
631-241-8168

 

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Rainmaker
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Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Center Moriches home buyers and sellers are likely to value your real estate market report, Bill.

Apr 07, 2020 02:39 PM #1
Rainmaker
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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.

Sally

Apr 07, 2020 11:14 PM #2
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing what's been going on in Center Moriches Bill. It's always interesting to see how other markets are doing.

Apr 08, 2020 03:34 PM #3
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Bill Carroll

IN REAL ESTATE, REPRESENTATION IS EVERYTHING
client level service makes all the difference
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