East Moriches NY, Real Estate Market Report April, 2020

By
Real Estate Agent with Corcoran Real Estate 30CA0962460

East 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 East Moriches Real Estate Market report indicates that at least for the moment the sky is not falling. Let's focus on supply and demand as that is the rudder that steers the real estate ship. It's not too often we see a market where neither buyer nor seller has an advantage, but thats what the East Moriches real estate market is looking like as we take a glimpse at this three month report. In the graph below you will see that although inventory (supply) has increased by more than 7% since January, demand (buyers in the market) has also increased by almost 3% and as of March 31, 2020 we are a fairly balanced market. Will this trend continue? Only time will tell, but if you are getting ready to sell your home don't forget to declutter, neaten it up, price it right and hire yourself the best real estate agents you can find!

Supply and demand Center Moriches


In these reports I always ask "Is this a good time to sell your East 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 East 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 30 single family homes on market (East Moriches Homes For Sale)
In Contract-                 There are 17 single family homes in contract
Closed Sales-                There were 10 single family homes sold   
Median Ask Price-      $407,400.00 
Median Sold Price -     $385,000.00

Learn more about living the good life in East Moriches

See why we love East Moriches in this short video

Call 631-241-8168 or email me at Bill.Carroll@Corcoran.com or Letticia Lettieri at 631-879-2069 or Letticia.Lettieri@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

 

Comments (5)

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

East Moriches home buyers and sellers are sure to value your real estate market reports, Bill.

Apr 10, 2020 01:44 PM
Bill Carroll
Corcoran Real Estate - Westhampton, NY
IN REAL ESTATE, REPRESENTATION IS EVERYTHING

Thanks Myrl

 

Apr 10, 2020 02:13 PM
Nicholas Crane
Woodland Companies - Cadott, WI
Managing & Appraising Forest Land

Thanks for sharing the information on this community, I hope you sell many of these properties. 

Nick

Apr 11, 2020 11:40 PM